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This price spike comes in the wake of December’s Consumer Price Index (CPI) release, which showed mixed signals regarding inflation.
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Bitcoin surged to a record high of $97,902 on November 21, 2024, driven by optimism surrounding a more crypto-friendly regulatory environment under President-elect Donald Trump. Investors speculated that Trump's promises of supporting digital assets would lead to less restrictive regulations, fueling a resurgence in the cryptocurrency market. This rally was also supported by news that Trump’s social media company, Truth Social, was in talks to acquire crypto trading firm Bakkt, which is backed by the NYSE's Intercontinental Exchange. As a result, Bitcoin’s value has more than doubled in 2024 and is approaching the $100,000 mark. The global cryptocurrency market surpassed a $3 trillion valuation, and some UK market vendors reported increased sales from Bitcoin payments. While Bitcoin’s volatility has limited its use as a mainstream payment method, its recent gains suggest it may be on the verge of broader adoption. Pro-crypto lawmakers in the U.S. Congress further support this trend.
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The top three exchanges, including WazirX, CoinDCX, and Zebpay, have collectively surpassed trading volumes of over $584 million in March, compared to $189.91 million at the end of February.
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While crypto deposit inflows increased by as much as 250-2,000 percent for certain Indian exchanges in January, following a ban on nine offshore exchanges, this did not translate to higher trading volumes.
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Bitcoin’s price advanced as much as 3.8% to reach an intraday high of $47,705 on Thursday, according to data compiled by Bloomberg
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The largest cryptocurrency by circulation was last up 4.8% on day at $30,037, its highest since Aug. 9.
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The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 19.20 lakh, with its dominance at 42.15 percent, which is an increase of 0.20 percent over the day.
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The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.33 lakh, with its dominance currently at 39.87%, which is a decrease of 0.28 per cent over the day.
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The price of Bitcoin, the world's largest cryptocurrency, hovered around Rs 14.35 lakh, with its dominance currently at 39.95 percent, a decrease of 0.06 percent over the day.
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The price of bitcoin, the world's largest cryptocurrency, hovered around Rs 14.68 lakh, with a dominance of 38.56 per cent - a marginal increase of 0.03 percent over the day, according to Coinmarketcap.
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A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
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The total volume in DeFi is currently $3.81 billion, which is 5.93 per cent of the total crypto market 24-hour volume.
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The price of bitcoin traded over Rs 16 lakh, with a dominance of 40.16 percent, which is an increase of 0.37 percent over the day, according to CoinMarketCap.
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The total volume in DeFi stood at $3.86 billion, 8.02 percent of the total crypto market 24-hour volume.
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A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
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Bitcoin's price hovered around 17 lakh. Bitcoin’s dominance is currently 41.55 per cent, a decrease of 0.11 per cent over the day, according to CoinMarketCap data.
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A daily round-up of the most interesting stories on cryptocurrency to jump-start the day
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The price of Bitcoin hovered around Rs 16.7 lakh. Bitcoin’s dominance is currently 42.38 per cent, a decrease of 0.52 per cent over the day, according to CoinMarketCap data.
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The price of Bitcoin hovered around Rs 16 lakh. Bitcoin’s dominance is currently 42.81%, a decrease of 0.02% over the day, according to CoinMarketCap data.
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The total volume in DeFi stood at $4.66 billion, 8.16 percent of the total crypto market 24-hour volume.
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Bitcoin and Ether have struggled since US-based lender Celsius Network this month said it would suspend withdrawals.
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The total volume in DeFi stood at $5.98 billion, 9.49 percent of the total crypto market 24-hour volume.
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World's largest cryptocurrency Bitcoin hovered around 16 lakh. It's dominance in the crypto market declined marginally by 0.14 percent to 42.41 percent over the last day.
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A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day
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The price of Bitcoin hovered around Rs 16.25 lakh. The market dominance of world's largest cryptocurrency rose by 0.23 per cent to 42.39 per cent early today.
