Cryptocurrency market has crossed $ 2 trillion, so investors are taking bitcoin in their hands
The cryptocurrency market has reached $2 trillion for the first time in nearly three months. According to experts, the increase in the market cap indicates the wide acceptance of crypto assets across the world which includes India.
The cryptocurrency market has reached $2 trillion for the first time in nearly three months. According to experts, the increase in the market cap indicates the wide acceptance of crypto assets across the world, which includes India.
Bitcoin has once again crossed the $46,000 mark (over Rs 34 lakh for a single coin). According to Coin Market Cap, the most popular cryptocurrency is trading in the green with a market cap of over $848 billion.
The world's oldest cryptocurrency, Bitcoin, has seen a spectacular rally recently and the latest Ethereum upgrade, also known as the London hard fork, has driven up the price of Ether, said Shivam Thakral, CEO of Bycoin.
Crypto assets are moving towards becoming mainstream with many brands around the world accepting cryptocurrency as a form of payment. The current bull run is expected to continue, and we are highly optimistic that bitcoin will reach $100,000 by the end of this year, Thakral said in a statement.
In India, cryptocurrency exchange WazirX has seen a massive 2,648 percent increase in user signups from Tier 2 and 3 cities in the country, given the higher participation of women from smaller cities as compared to their urban counterparts.
The cryptocurrency exchange currently has over 7.3 million users and so far exceeded $21.8 billion in trading volume in 2021.
Nischal Shetty, CEO, WazirX, said, “Crypto has immense potential for rural India by removing financial barriers and providing cheaper access to capital, more online jobs.
Over 1.5 crore Indians have crypto assets worth over Rs 1,500 crore. According to industry experts, crypto could become the most important asset class of the 21st century.