Thousands of dollars lost in Bitcoin amid fears of GST among players

The dollar index fell from a three-month high

South Africa's probe into અ 3.60 billion bitcoin fraud

MUMBAI: Cryptocurrency prices continued to decline in the global market today. The boom has seen a surge in profitable sales and the boom has been short-lived. Bitcoin traded at a high of 33 33,960 to 9 33,961 today and a low of 7 32,719 to 7 32,720 from 33 33,321 to 3 33,322.

The market remained rand bound. Meanwhile, news of job growth figures in the US was received late today with the arrival of Fantastic. The impact on the global cryptocurrency market was also felt when the dollar index rose to a three-month high and then fell again.

Meanwhile, trading volume in Bitcoin slowed down today from 30 30-31 billion to 27 27-28 billion and the market cap fell from 62 629-630 billion to 4 624-625 billion, according to world market analysts.

Meanwhile, there were indications today that GST was being imposed on various overseas cryptocurrency exchanges with a customer base in India. There are indications that tax authorities are examining whether certain facilities and services provided by such exchanges may be subject to GST.

In view of this, there was talk in the market today that such exchanges could be burdened with about 18 per cent GST. Meanwhile, in other cryptocurrencies, ether prices in the market today ranged from 21 2139 to 40 2140 and from 2019 2071 to 2 2072.

Today's trading volume in ether fell from 28 28 to અ 29 billion to 23 23 to અ 24 billion. The market cap fell from 24 245 to 6 246 billion to 1 241 to 2 242 billion. Trading in major cryptocurrencies declined today. Bitcoin now has a low of ચા 30,000 and a high of હજાર 35,000.

Some sections of the market were also showing the possibility of a price of હજાર 40,000 if the high crosses 37 37,000. Meanwhile, an investigation firm run by two brothers in South Africa recently swindled nearly પછી 3.60 billion from Bitcoin investors, prompting a round of scrutiny that has also caught the eye of market players.