Boom in crypto market after budget, more than 71 thousand jump in bitcoin

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.

Read More: The stock market continues to rise today, Sensex jumps 499 points, Nifty crosses 17700

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.

By Hiren Gami

Hiren Gami is Digital Marketer and Blogger at Tech Gami. He has 9 years of experience in the SEO field. He has launched a blog Tech Gami to share and update the latest Technology information in the domains of Upcoming Mobile Phones, Technology News, Games, and Vehicle News as a whole.

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