Bitcoin’s Moment
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Christopher Wood, global head of equity strategy at Jefferies, plans to book profit in bitcoin once it hits the USD 1,50,000 mark, up nearly 53% from the current levels of USD 98,300 levels.
After a row erupted over an alleged "bitcoin scam" linked to the Maharashtra Assembly elections, BJP leader Vinod Tawde said that the Election Commission of India (ECI) should also take immediate action against the Maha Vikas Aghadi (MVA) leaders Supriya Sule and Nana Patole "on the basis of viral audio and chat."
On Monday, as of 10:21 a.m. in London, Bitcoin extended gains to hit an unprecedented $82,300 while on Sunday, the largest token climbed as much as 6.1%.
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
Notably, since the spot bitcoin exchange-traded funds were approved in the US, the cryptocurrency is steadily rising.
The surge in the prices of the Bitcoin saw a pause on Wednesday after days of rally reaching at its all-time-high.
Its M-cap also crosses the $2.5 trillion mark.
Bitcoin jumped as much as 13 per cent to USD 63,968 on Wednesday before it cooled down to just over USD 61,000 marking its highest peakpoint.
Bitcoin led a major rally for cryptocurrency prices and related stocks on Tuesday as it bolted above $57,000 for the first time since November 2021, reports said.
