Bitcoin hits another All-time high, touches $50,000/₹37,00,000. Crypto festival is on and every second there are new records set and broken. Today Bitcoin went on a rally to touch another all-time high of $50,000/₹37,00,000. While writing and let’s say once it touched the mark, it has been a steady downfall as investors and day traders might be cashing out.
Big news for Bitcoin and the Crypto industry has been pouring in for a couple of years now. Some big players have already entered the Bitcoin or Crypto market as a whole. Some of the notable names include Tesla – $1.5 billion investment in Bitcoin, MicroStrategy actively investing in Bitcoin, Mastercard and VISA adding support, PayPal, ApplePay, etc.
Bitcoin is trading around $49,300 as per Binance and CoinMarketCap. WazirX, which is one of the leading Crypto exchanges in India, Bitcoin is now trading around ₹36,50,000 on the Exchange. While Indians are highly trading in Crypto at the same time the Indian Crypto Law bill looms large with a lot of uncertain circumstances. Ethereum which sits below Bitcoin in Market Cap is testing resistance and hovering around $1,800/₹1,32,000.