Crypto pessimism grows as Bitcoin slips below $17,000 https://ift.tt/jQsabu8 largest token traded below $16,700 on Sunday after dropping as much as 3.7% on Friday. Earlier in the week, Bitcoin reached its highest price since Sam Bankman-Fried's crypto empire filed for bankruptcy last month. On Friday, Ether declined as much as 6.3%, while other altcoins like Avalanche and Solana dropped as well.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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