Bitcoin Price India INR: Bitcoin crashed, broke more than 50 thousand rupees, the price of the most popular cryptocurrency reached here


Posted on 22nd Apr 2022 03:31 pm by rohit kumar

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.

 

Also Read: Appreciation in America IMF said- India is an example for other countries, Ukraine is capable of dealing with the economic situation arising out of the crisis

1 Like 0 Dislike
Previous news Next news
Other news

Team India: Rohit, Virat, and Pujara have been able to score four centuries in two years; Major changes are needed in the Indian Test team!

India's second straight defeat in the final of the World Test Championship has left the Shivsund

Project Cheetah: These cheetahs are moving like this in Kuno National Park - six have no problem, two are getting 'trouble'

Cheetah in India: Eight cheetahs who reached India after traveling about eight thousand kilometer

Ashok Gehlot's show of strength was considered by the high command to be a breach of trust and an insult, the price will have to be paid

Rajasthan CM Ashok Gehlot was being seen as the next president of the Congress till Sunday aftern

Rohit Sharma Retirement: Rohit Sharma is the batsman who scored the most runs in T20 International, these are his 5 memorable innings

With the victory in the T20 World Cup 2024, Indian captain Rohit Sharma said goodbye to this form

Kisan Samman Nidhi: PM Modi will release the 11th installment of Kisan Samman Nidhi today, check your name in the list like this

Garib Kalyan Sammelan will be held today at Ridge Maidan in Shimla to commemorate the completion

'Not a shock but a mixed effect', India's reaction to Trump's 26 percent tariff

The Commerce Ministry is analyzing the impact of the 26 percent reciprocal tariff or import duty

DC vs MI: 'He is in my place', after getting beaten up, a furious Bumrah got into a fight with Karun over drinks; Hardik-Rohit jumped in between

Delhi Capitals star batsman Karun Nair performed brilliantly in the match against Mumbai Indians.

Krishna will be cremated with state honours: Mahesh Babu wept bitterly on father's last farewell

Krishna, a superstar of Telugu cinema, passed away on the morning of 15 November. At the age of 7

Maha Kumbh: This time Dome City will be built above the ground, arrangements will be made for 200 people to stay at a time, and homestays will also be ready

On the one hand, while preparations are being made on a war footing for the Maha Kumbh to be held

French reporter narrowly escapes Russian attack: VIDEO of a missile falling behind during live reporting goes viral

A French reporter reporting live in Ukraine narrowly escaped a Russian missile attack. The video

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash