Talking about the last 24 hours, the price of bitcoin has been shown to be trading in the range of 35,236 to 37,971. Earlier it had seen a downward trend. Earlier on July 21, there was a huge drop in bitcoin prices.
Bitcoin Price Today
The price of bitcoin has been fluctuating continuously over the past few months. During this, many times bitcoin has also set new records in terms of prices, while many times it has also faced a huge fall. The first day of the week may look auspicious for those investing in bitcoin. On Monday, a jump of more than 12 percent has been registered in its prices. Which is the biggest single day jump after 8 February. On Monday, the price of bitcoin is trading at $ 37, 955.8 with a gain of 12.21 percent.
Due to this boom in bitcoin, its market cap has risen to $ 681.5 billion. With this boom, the market cap of bitcoin alone in the total cryptocurrency market has increased by 46.69 percent. With this increase, the total market cap of bitcoin has crossed $1,184.9 billion.
last 24 hours
Talking about the last 24 hours, the price of bitcoin has been shown to be trading in the range of 35,236 to 37,971. Earlier it had seen a downward trend. Earlier on July 21, there was a huge drop in bitcoin prices. On July 21, the price of bitcoin went below $30,000 for the first time.
RBI is also preparing to bring digital currency
In view of the increasing trend of digital currency, RBI has also intensified the action plan regarding its own digital currency and very soon its pilot testing will also start. So far RBI has not given legal recognition to private cryptocurrencies but the Supreme Court has also lifted the ban on its trading.
Why is the plan being prepared?
Actually the acceptance of cryptocurrencies is increasing very fast in the whole world. This is the reason why central banks around the world have started work on their digital currency (CBDC / Central Bank Digital Currency). According to a report published in the Economic Times, 86 percent of the world’s central banks are currently working on the possibilities of Central Bank Digital Currency (CBDC), while 14 percent of central banks have started working on the pilot project.
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