Cryptocurrency funds attracted inflows for the second straight week, with nearly all of the new investment going into European funds.
Digital asset funds saw $180 million of net inflows in the seven days through April 1, according to a CoinShares report published Monday.
The global cryptocurrency market cap dwindled to $2.09 trillion mark and is down more than 3 per cent in the last 24 hours.
The total cryptocurrency trading volume advanced as much as 4 per cent to $111.16 billion.
Barring Dogecoin and Terra, none of the altcoins were holding gains.
The largest memecoin, Dogecoin, rallied 7 per cent, whereas Avalanche posted an equal fall.
Ethereum, Solana and Cardano dropped 5 per cent each.
Sushil Kumar Modi, a Rajya Sabha member and former deputy governor of Bihar, has been batting to push the crypto tax to 50 per cent from 30 per cent.
UK's Finance Ministry mentioned that it plans to bring stablecoins into the regulatory perimeter and make UK a global hub for crypto technology.