Bitcoin logs 2nd quarterly gain as smaller tokens lag by the most since 2020 https://ift.tt/F5vZHCm has seen its dominance of the crypto market strengthen as smaller tokens struggle due to regulatory concerns. Bitcoin rose 7% in the second quarter, driven by optimism about the potential launch of spot Bitcoin exchange-traded funds (ETFs) by companies like BlackRock and Fidelity Investments. Meanwhile, smaller tokens have been weighed down by the US SEC's classification of certain coins as unregistered securities. Bitcoin's dominance is at its highest level in more than two years, accounting for nearly 49% of the $1.2 trillion crypto market.
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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