Boom in Crypto market after Budget
With the presentation of the general budget, there was a boom in cryptocurrencies. After the budget speech ended, bitcoin jumped 2.40% and its price increased to 71,981. So there was also a tremendous jump in Ethereum. Where there was a jump of 7.26% in Ethereum. So there its price increased by 14,811. The market cap of bitcoin reached 52.5 trillion, while that of ethereum reached 22.6 trillion. Binance Coin saw a jump of 1.78% after the budget. Its price went beyond 30 thousand. At the same time, Dogecoin has increased by 3.23%.
There was a decline in the trading volume of Tether. It fell 1.21%. At the same time, the USD coin also declined by 1.26. Binance USD has also declined. It fell to 0.34 percent. After this, the market cap of Binance USD remained 1.1 news.
Boom After Budget
Union Finance Minister Nirmala Sitharaman made a big announcement regarding virtual currency or cryptocurrency in her budget speech. He announced that now it has been decided to levy tax on transactions of cryptocurrencies. Under this, a tax of 30% will have to be paid on the income from crypto. The Finance Minister said that changes have been made in the taxation of virtual digital assets. Transfer of any such property will attract 30 percent tax. No discount will be given. After this announcement by the Finance Minister, the question arises whether crypto has been allowed in the country.