The price of Bitcoin hardly reacts to the Taproot update, but the price of Ether eases up.

After a sharp decrease last week, just after the most expensive cryptocurrency reached a new all-time high, Bitcoin’s value has stabilized over $64,000 (about Rs. 47.6 lakh). Bitcoin is now trading at $71,073 (approximately Rs. 52.9 lakh) on the Indian platform CoinSwitch Kuber, while BTC is selling at about $65,823 on global exchanges like CoinMarketCap and Binance (roughly Rs. 48.9 lakh).

The most popular cryptocurrency has risen 1.71 percent in the last 24 hours, indicating that Taproot, the blockchain’s greatest network update in four years, which went live on Sunday, has had no influence on price.

Meanwhile, despite hitting a fresh all-time high of $4,840 (approximately Rs. 3.6 lakh) last Tuesday, Ether’s worth hasn’t completely stopped rising. However, Gadgets 360’s cryptocurrency price tracker reveals that Ether has had a few falls in recent days. Ether was selling around $5,100 (approximately Rs. 3.8 lakh) at the time of writing, up 1.59 percent from its 24-hour low.

In what hasn’t been the greatest of fortnights for either dog coin, Dogecoin and Shiba Inu both took a dive to start the week. Although both coins appeared to take up the slack near the end of last week, the price charts do not yet indicate a U-turn. While Dogecoin was up 0.46 percent at $0.28 (approximately Rs. 21.21), Shiba Inu was down 1.57 percent at $0.000053 (about Rs. 0.003927) in the last 24 hours.

Aside from Bitcoin and Ether, the market tracker has a few reds to start the week, with Cardano, Tether, and Polkadot all witnessing tiny drops of less than 1%. Meanwhile, the top gainers were Litecoin, Ripple, and Tron.

While exchange-traded funds (ETFs) have grown in popularity around the world, and investors are turning to cryptocurrencies as an inflation hedge, Prime Minister Narendra Modi chaired a meeting on the issue on Saturday, with discussions reportedly emphasizing that unregulated markets cannot be used for “money laundering and terror financing.”

“Because the issue runs beyond national borders, it was considered that global alliances and joint initiatives would be required,” the administration informed journalists following the meeting. Meanwhile, the Indian government has committed to take “progressive” and “forward-looking” moves in the wake of crypto-regulation.

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