Bitcoin, the world's most popular cryptocurrency, has seen many bad phases since the start of the year 2022, although it has seen a jump in some sessions. However, on Friday, the world's most popular cryptocurrency bitcoin fell 1.69 percent or more than Rs 50,000 and with this decrease, the price of bitcoin came down to Rs 32,60,223. At this price, the market capitalization of bitcoin has reached Rs 61.7 trillion. Significantly, after reaching its all-time high in November 2021 last year, its price has come down by more than 50 percent so far.
50% broken since November 2021
Significantly, the price of bitcoin, the most popular cryptocurrency, reached its all-time high of $ 69,000 (Rs 51.28 lakh) in November 2021. But since then its price has come down by about Rs 29 lakh or about 50%. On 7 January alone, the price of bitcoin had fallen by 4.9 percent to reach $ 41,008 (Rs 30.48 lakh). There was a lot of investment in cryptocurrencies in the year 2021 and the crypto market is expected to remain vibrant in the new year as well. But at the end of the year 2021 and the beginning of the year 2022, there was a big earthquake in the crypto market and investors have suffered huge losses.
A strong jump is expected this year
Analysts had earlier predicted that bitcoin could again hit the all-time high of Rs 48,00,000 by the end of 2021, which was surpassed by the favorite cryptocurrency. With this, analysts have predicted it to touch the level of $ 98000 (Rs 73,50,000) in the coming time. By 2022, crypto experts say that it will again break the record to reach one lakh dollars i.e. about 75 lakh rupees. At the same time, its price is expected to reach $ 1,35,000 (Rs 1,01,25,000) by the end of the year.
Bitcoin is the most valuable of the cryptocurrencies
Cryptocurrency is a virtual currency i.e. you cannot see it. Simply put, you can call it Digital Rupee. No bank issues cryptocurrencies. Only those who issue it control it. It is used only in the digital world. Currently, there are many types of virtual currencies in the world along with bitcoin. But among these, bitcoin has the highest value. For some time now, the attraction of investors toward bitcoin has increased rapidly. Bitcoin has also given strong returns to investors.
When was bitcoin started?
The credit for introducing this digital currency goes to a person named Satoshi Nakamoto. People believe that in the year 2009, a group named Satoshi Nakamoto introduced bitcoin to the world for the first time. However, the question of who they are and where they are remain a mystery even today. It started in 2009 and has gained a lot of popularity now. Please note that there is no government control over this currency. It is used only in the digital world. It is not controlled by any bank or government.
The risk in the crypto business is also not low
This cryptocurrency is highly volatile and therefore its trading is also very risky. For example, the value of bitcoin rose to $42,000 in January 2021 and then fell to $30,000. Within a week it had risen again to $40,000. For Bitcoin, you have an app through which you do transactions. Let's say that your file is deleted from the server or the password is wrong, then your money is lost forever. Recently there were reports that some people lost bitcoins worth lakhs because they did not have the password and forgot it.
The Supreme Court ordered the Yamuna River Board to hold a meeting regarding the water crisis in Delhi
The Supreme Court has asked the Upper Yamuna River Board to call an emergency meeting with all stakeholder states to resolve the water crisis in Delhi. The Supreme Court asked the board to hold a
Before the launch of the OPPO Reno 9 series, information about its features leaked, know all the details from the battery to the camera
OPPO Reno 9 Series Leaked Specification: Oppo has been in discussion about the launch of its new series for the past several days. The charging details of the series were first received from some
Orry: The hotel owner made a big statement in the Orry liquor case, saying- 'To maintain the sanctity of Mata Vaishno Devi...'
Ori, who is popular on social media, recently visited Mata Vaishno Devi temple, where he was accused of consuming alcohol. The hotel owner where Ori was staying has appealed to maintain the sanctity
Sameer Wankhede is after Aryan Khan again, a petition filed in the Delhi High Court against Shah Rukh and Gauri.
Shah Rukh Khan's son, Aryan Khan, recently entered Hindi cinema as a director with the web series "The Bads of Bollywood." His series features a scene depicting a lookalike of Sameer Wankhede, the NCB
Ram Mandir: Surveillance room on the waves of Saryu for the security of the temple; 7 big agencies...keeping an eye on terrorist activities
The entire Ayodhya will be under security cover regarding the Pran Pratistha ceremony. Seven big security agencies are engaged in investigation in different areas of Ramnagari. Apart from this, the
Politics: Congress surrounds Foreign Minister Jaishankar's son on funding from China, Pawan Kheda makes serious allegations
The Congress lashed out at the Bharatiya Janata Party for maintaining silence on the issue of China's attempt to infiltrate India and for making serious allegations against the Rajiv Gandhi
Covid 19 India: Corona started scaring again, 40 percent patients increased in 24 hours; More than 5000 cases surfaced
The increasing cases of corona have again raised the concern of the health department. According to the Union Health Ministry, 5233 new patients have appeared in the country in the last 24 hours.
IND vs USA: India has to be careful with these five American players, they can change the match in minutes, know more
The excitement of the T20 World Cup 2024 is on the rise among the fans and players. Today the 25th match of the current tournament will be played between India and America. A tough competition can be
Weather Update Today: Snowfall in the mountains increased cold, know the weather condition in Delhi-UP and other states
Weather patterns are changing rapidly in North India. Mercury is falling rapidly in all the states including Delhi, UP, Uttarakhand, and Himachal Pradesh. At the same time, due to the snowfall in the
Secret Invasion Review: New enemy from 'Marvel's past, Nick Fury sets out to fight a dangerous war without Avengers
The Marvel Cinematic Universe is a world of its own, ranging from superheroes to creatures and civilizations living on various fictional planets in space. The activities happening there affect the
