 "Cryptocurrency")
The events of the last two weeks have been of particular interest to the crypto industry. First, the Centre brought cryptocurrency under the ambit of the Prevention of Money Laundering Act (PMLA), 2002. Later, three crypto-friendly banks in the USA fell one after the other. These were Silvergate Bank, Silicon Valley Bank, and Signature Bank. These events led to a fall in crypto prices. However, as of Friday, the crypto market was looking bright.
The total crypto market cap jumped from $922 billion on March 10 to $1.1 trillion on Friday, according to CoinMarketCap. The price of Bitcoin was up
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