The season’s greetings have gifted crypto exchangers with high rewards. After a long gap, the rise in crypto has brought merriness to many users during the season of Christmas & New Year across the world. Most of all, Bitcoin has been the reason for rising in cryptocurrency during this season and promises many such rises profiting buyers and sellers in 2022. Over the years Bitcoin has seen its peaks and its lowest time, in the past. However, as of December 24th, Bitcoin has seen its peak, which is on Christmas Eve. Enabling many sellers & buyers to experience profit in no time.
Such recent updates have listed below to know more information about the rise of Bitcoin in the market. Keep reading to understand every update related to the booming profit caused by Bitcoin.
- The Rise in Bitcoin Price:
Earlier Bitcoin was downward trodden for weeks together. However, the surge in the crypto market value was fed by the rise of Bitcoin, which gained momentum amid these festive seasons. The Bitcoin price remained within $50,000, as per data from the global crypto tracking. Bitcoin saw gains after falling below the $45,000 mark a few days back. More traders amid the festivities seemed to draw towards the digital currencies and the Omnicron variant of Covid-19 could not mute the Christmas cheer among them.
- The Aftermath of the Global Market After the rise of Bitcoin:
The global crypto market also felt the positive ripple effect with more investors willing to invest in Bitcoin. The global market itself experienced the maximum reward through the rise that Bitcoin brought. It rose decently over the last 24 hours, as of December 2021. The global crypto market cap was standing at $2.40 according to CoinMarketCap data. This was a 1.64 per cent increase in the last 24 hours. The global crypto volume however declined slightly over the course of the last 24 hours, falling by 1.07 per cent, according to credible data.
One unit of Bitcoin, the world’s largest cryptocurrency by market price, rose to $50,736.43. This was up by 1.17 per cent over the last 24 hours and 10.04 per cent over the last seven days, according to the global crypto tracking website CoinMarketCap. “Bitcoin’s dominance is currently 40.09 per cent, a decrease of 0.02 per cent over the day”, mentioned in a credible platform.
- Bitcoin price in India:
The success of Bitcoin and its open-source nature has inspired the creation of several other cryptocurrencies such as Ethereum, Ripple, Litecoin, etc. As of 2021, there are around 6000 cryptocurrencies operating around the world. Despite initial scepticism about its applicability in the mainstream economy, eventually, with the rising number of users, Bitcoin has gained much acceptance and is being accepted for payments by major companies like Microsoft and Tesla.
As of December 29th 2021, the current price of BTC to INR is 35,65,220.30, this is currently been traded and exchanged by many especially during this season. Bitcoin is traded in cryptocurrency exchanges such as CoinSwitch, and its price keeps fluctuating from time to time. Starting with a price of $0.0008 in 2010, the price of a single Bitcoin even reached an all-time high of $64,000 in April 2021 after Tesla announced that it had acquired $1.5 billion worth of Bitcoin and Coinbase — the largest crypto exchange in the U.S.– launched its IPO.
Knowing the volatility of crypto coins you should be wise before investing in these. If you finally want to invest in it, you can opt for Bitcoin as you can see results drastically. For early results and quick rise of money, Bitcoin is the best choice even though it charges high and comes with risks.
