Bitcoin and other crypto tokens were trading range-bound as the US Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings. Similarly, the Indian prime minister, Narendra Modi, called for an integrated approach and the need for a global framework for cryptocurrencies at B20 yesterday. Bitcoin remained range-bound for the day as the largest crypto token inched up slightly to barely hold $26,000-levels. Ethereum moved on the similar line and crept higher to hold above the $1,650-mark. The total trading volumes dropped as much as 18 a per cent to $17.47 billion.
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