Muhurta trades will also take place in cryptocurrencies: A sluggish environment in the market ahead of Diwali

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Mumbai: Now Muhurta deals will be seen in cryptocurrencies as well. Country's largest crypto exchange Vazirex has re-introduced muhurta trading in cryptocurrencies from the current year. Ahead of Diwali, the crypto market is witnessing a sluggish environment.

Muhurta work on Vazirekus will start from Dhanteras on 22nd October. Meanwhile, crypto prices softened in the last twenty-four hours, led by major cryptocurrencies.

Global market cap of cryptocurrencies decreased to 920.23 billion dollars. Trading volume also decreased by 15 percent to 45.20 billion dollars.

Major crypto Bitcoin at one point dipped from a low of $19,000 to $19,220 late in the evening. Ethereum was also quoted around $1300.

The lessons of the economic recession in countries including the US have eroded the minds of investors.

The implementation of the Crypto Asset Reporting Framework (CAR) to exchange information on crypto trades will not mean that a country's autonomy over digital currencies will be taken away, the Organization for Economic Co-operation and Development has clarified.

The framework was presented by the Organization for Economic Co-operation and Development to G20 finance ministers in Washington last week.

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