Top cryptocurrency prices today: Bitcoin, Ethereum gain; Cardano zooms 12%

economictimes.indiatimes.com:

Barring Solana and Polkadot, all other eight out of the top-10 digital tokens were trading with a positive bias during the early trade on Monday. Cardano, meanwhile, zoomed over 12 per cent to become the fifth largest token by market cap. The global crypto market cap was largely unchanged at $2.07 trillion compared to the last day. However, the total crypto market volume increased by 5 per cent to $64.30 billion.

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Investors searching for clues as to where Bitcoin is headed next may want to take a look at what the options market is signaling. The world’s largest cryptocurrency rebounded last week after falling below $40,000.What's cooking in IndiaThe government could consider in the upcoming Budget levying TDS/TCS on sale and purchase of cryptocurrencies above a certain threshold and such transactions should be brought within the ambit of specified transaction for the purpose of reporting to income tax authorities, Nangia Andersen LLP Tax Leader Aravind Srivatsan said. Also, a higher tax rate of 30 per cent should be levied on the income arising from the sale of cryptocurrency, similar to winnings from lottery, game shows, puzzle, etc, he said.Expert TakeOn September 12, 2021, Cardano’s Alonzo upgrade was deployed. The Alonzo upgrade gave the Cardano network smart contracts capabilities. In simple terms, it meant that Cardano could see a stream of Dapps on their network, said WazirX Trade Desk. With the anticipation of the upgrade, Cardano’s ADA reached an all-time high of 3.12 USDT, it added. However, there were no Dapps released which led