Crypto Market Stay RED
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The cryptocurrency markets are still in the red.Btc is currently trading at $18,000, Ethereum is at $1,300 :
This morning on Monday, cryptocurrency values are once again declining. The market capitalization of all cryptocurrencies fell by 1.13 percent, falling below the $1 trillion threshold at $922.79 billion.
BTC fell 0.56 per cent to $18,863.60. Bitcoin was highly volatile over the weekend. It was after 10.29 pm on September 25 that BTC chose a direction, but towards the red zone; it kept recording a new low with each passing hour
Eth's price dropped 1.33 percent to $1,305.48 in the 24 hours prior to Saturday morning,
The lowest price for ETH was $1,275.63. ETH’s trading volume was up by 9.35 per cent at $12,607,820,979.
Ripple (XRP) rose 0.14 per cent at $0.4809 and its 24-hour trading volume was up by 11.96 per cent at $3,553,358,649.
Russia Starts Creating a System for Global Crypto Payments :
Russian financial authorities have started developing a system to make it easier to use cryptocurrency for international payments in the face of sanctions. A draft law governing international cryptocurrency transfers has already been approved by the nation's central bank and finance ministry.
Russian authorities intend to regulate the issuance, circulation, and various operations with digital assets, including international crypto payments, by the end of 2022.
While this may be noted that the Finance Ministry and Central Bank of Russia has previously agreed on law for allowing Cross-Border Crypto Settlements