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Indian Finance Minister Nirmala Sitharaman: Crypto cannot be a currency unless there is a regulatory framework

The prices of Bitcoin and other top cryptocurrencies were observed to experience mixed movements on Monday (18/3/2024).

Data from Coinmarketcap as of Monday (18/3/2024) shows that the value of Bitcoin (BTC), the crypto with the largest market capitalization, rose 2.09 percent in 24 hours.

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Currently, the price of BTC is at the level of Rp. 1,052,154,496.60. Next is Ethereum (ETH) which rose 0.87 percent in the last 24 hours, currently at the level of Rp. 55,949,210.47 per coin.

The next crypto, USDT is now in third place but its value fell 0.81 percent to IDR 15,635.45.

Meanwhile, Solana (SOL), which rose by 6.38 percent, is now at Rp. 3,065,876.42, and Binance coin (BNB) fell 3.98 percent in the last 24 hours to Rp. 8,661,239.85.

Then XRP, which was in the green zone today, rose 0.51 percent to IDR 9,721.78, while USC Coin (USDC) fell 0.81 percent to IDR 15,647.50.

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ADA rose 0.56 percent in the last 24 hours, currently at the level of IDR. 10,382.44 per coin, and Dogecoin Meme Coin (DOGE) rose 5.69 percent, making it trade at IDR 2,417.38 per token.

Then there is AVAX with an increase of 7.56 percent and is now worth IDR 891,689.75 per coin.

Meanwhile, today's overall crypto market capitalization is at IDR 40,570.42 trillion, an increase of 1.94 percent over the last day.

“The total crypto market volume over the last 24 hours was IDR 2,171.18 trillion, which is an increase of 2.16 percent,” wrote Coinmarketcap.

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Indian Finance Minister Nirmala Sitharaman: Crypto cannot be a currency unless there is a regulatory framework

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