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DAILY MARKET UPDATE
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G20 President India Drops Global Crypto Bombshell!

The current G20 president India has taken a momentous action by publishing its official presidency note concerning cryptocurrency. This calculated measure seeks to exert influence over the formulation of global cryptocurrency regulations, thereby playing a central role in molding the global crypto environment.

Given that India's suggestions will significantly affect the forthcoming iteration of worldwide crypto rules, the release of this note bears enormous significance for the future of global digital finance.

To know more about the key points of Indiaโ€™s presidency note, click the link below๐Ÿ‘‡

๐Ÿ”—https://academy.suncrypto.in/g20-president-india-drops-global-crypto-bombshell/
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What is HODL in Crypto Market?

You may have come across communities discussing HODLing, and it's possible you mistakenly assumed it was a mere misspelling of "holding."

If that's the case, you were mistaken. Read the full blog here to understand the meaning of HODL๐Ÿ‘‡

๐Ÿ”—https://academy.suncrypto.in/what-is-hodl-in-crypto-market/
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Weekly Crypto Updates As Per August 07

The current market cap is โ‚น96,339,028,792,397 on 07 August. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.

For this last week, Bitcoin is at the price of โ‚น2,409,017.67 and has increased by 0.31% in the last 24 hours, and a dip of 1.11% is seen in the duration of 7 days.

The price of Ethereum at the moment is โ‚น151,925.72 and has increased by 0.21% in the last 24 hours, and a dip of 1.79% is seen in the duration of 7 days.

For more information:-
https://academy.suncrypto.in/weekly-crypto-updates-as-per-august-07/
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Bitcoin Price: Can Low Volatility Ignites Trader Confidence?

In a backdrop of decreased volatility, the price of Bitcoin experiences a downfall. However, the increasing Open Interest and optimistic sentiment suggest the possibility of trader positivity.

Bitcoin Price hasn't shied away from the recent volatility in the cryptocurrency market. The previously unstoppable flagship cryptocurrency experienced a decline below $30,000 (โ‚น24.6 Lakh), leading to speculation and a predominantly pessimistic mood. Although institutional participants have shown interest in Bitcoin's future, doubt continued to obscure the broader perspective.

For more information:- https://academy.suncrypto.in/bitcoin-price-low-volatility-ignite-trader-activity/
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Why Shiba Inu Price Is Up Today?

As the broader digital currency ecosystem returns to its default optimistic state, the meme coin niche seems to be interpreting this resurgence on a more personal level. Shiba Inu Price, the second-largest meme coin by market capitalization, has experienced an uncommon 9.89% increase, which is now fixed at $0.000009912 (โ‚น0.0008213).

The unexpected growth of SHIB is noteworthy due to its prolonged bearish trend throughout most of this year. This resurgence marks a departure from its consistently pessimistic sentiment. The growth is notably supported by various positive on-chain indicators, including the overnight trading volume of SHIB, which has surged by an impressive 52.37% to exceed $383.4 million (โ‚น3,143 crore).

For more information:-
https://academy.suncrypto.in/why-shiba-inu-price-is-up-today/
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India Leading the Race in Crypto & AI Adoption

India has recently surged from technological infancy to prominence, embracing cutting-edge innovations like AI Adoption, machine learning, and blockchain. This paradigm shift is evidenced by pioneering initiatives underway across various sectors.

Spearheaded by the Ministry of Electronics and IT, a national web browser project is poised to revolutionize digital interactions, introducing crypto token-based document signatures.

Concurrently, the RBI explores the fusion of AI Adoption with its Unified Payments Interface. This propels secure and conversational payments into the future.

For more information:- https://academy.suncrypto.in/india-leading-the-race-in-crypto-ai-adoption/
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DAILY MARKET UPDATE
Weekly Crypto Report As Per August 14

The current market cap is โ‚น97,312,803,663,216 on 14 August. In the past year, even the top-performing coins were seen struggling in these challenging times and are trying to make a comeback.

For this last week, Bitcoin is at the price of โ‚น2,437,700.16 and has increased by 0.07% in the last 24 hours, and a dip of 0.49% is seen in the duration of 7 days.

The price of Ethereum at the moment is โ‚น153,186.56 and has decreased by 0.08% in the last 24 hours, and a dip of 0.89% is seen in the duration of 7 days.

For more information: - https://academy.suncrypto.in/weekly-crypto-report-august-14/
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Happy 77th Independence Day๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿซก
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