Cryptocurrency Market Cap Hits $2.17T as Bitcoin Trades Near $63,000

The global cryptocurrency market cap has reached $2.17T, up by 0.17% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) is trading at $62,735, up by 0.41%, within a narrow range of $62,416 and $63,462 over the past 24 hours.

South Africa's draft crypto tax guide proposes that digital assets be treated as intangible property rather than foreign currency, with tax obligations triggered only upon disposal rather than during holding.