On March 12, the price of Bitcoin was 57 thousand dollars. On March 13, it crossed the level of 61 thousand and still remains at this level.
Bitcoin is constantly creating new records. Within the last 24 hours, it has crossed the 60 thousand dollar level and reached a new record high of $ 61,556. It is traded for 24 hours. At 9.27 in the morning, it was trading at a level of $ 61,109 with a gain of 7.74 percent. At this time, its market cap has increased to $ 1.14 trillion.
It was currently trading in Indian currency at Rs 4.44 million or Rs 44 lakh. The market cap has reached 82.86 lakh crore rupees (82.86T Rupees). Talking about the size of India’s stock market, the market cap of the BSE listed companies is Rs 207.89 lakh crore this week, while the size of the Indian economy is around 200 lakh crore rupees. However, it is expected to fall by 7-10 per cent in the financial year 2020-21. If you talk about accelerating bitcoin, the way it is getting support from corporate, investors from all over the world are getting attracted towards it, due to which the price is going up.
In March 2020, the bitcoin rate was close to $ 6000. Online payment company PayPal announced at that time that it would allow its account holders to use cryptocurrency. After that its price started going up. It reached $ 9100 in the June quarter. It reached 11 thousand dollars in the September quarter, 29 thousand dollars in the December quarter.
This year, there has been a historic rise in its price. On December 31, the bitcoin price was $ 29359. On January 31, it reached $ 33,108. On February 7, its price was $ 38852. On February 8, it was reported that Elon Musk’s company Tesla has invested $ 1.5 billion in Bitcoin, after which its price reached $ 46395. Since then, its price has been steadily increasing.
On February 16, it crossed the 50 thousand dollar mark for the first time. It reached 52 thousand dollars on February 17, 56 thousand dollars on 19 February, 57 thousand dollars on 20 February, 58 thousand dollars on 21 February. After that, its price fell for a few days. Once again on March 13, it touched the level of 61 thousand. Apart from Tesla, Bank of New York Mellon, BlackRock, credit card giant MasterCard have also supported this cryptocurrency, due to which its price has skyrocketed.
Orchid Pharma: Forget Bitcoin! This pharma share made 1 lakh to 65 lakhs in just 4 months