Bitcoin jumps to 58 58,000: India records 100 million investors

The cryptocurrency market was bullish today. Bitcoin prices jumped to the level of 58 thousand dollars. Meanwhile, the government's policy on cryptocurrencies in India remains unclear

At that time, the number of cryptocurrency investors in the country had crossed 100 million, making India the number one cryptocurrency market in the world, market experts said. Investors in India have increased their investments in cryptocurrencies like Bitcoin and Etherium. The number of such investors in the country has risen to 10.07 crore.

In the US, the figure is barely 2.74 crore, while in Russia it is 1.74 crore. There are about 1.30 crore such investors in Nigeria. However, compared to all these countries, the number of such investments in India has increased due to the large population of India, market experts said.

Bitcoin, meanwhile, traded lower at 54 54,568 to 5 54,569 and higher at 5 58,518 to 5 58,519. Bitcoin traded at 1.40 billion today and the market cap rose to 1080 1080 billion, market sources said.

Russia's President Vladimir Putin today praised cryptocurrencies, saying they could be used in payment transactions. The statement had a positive impact on the crypto market today. Discussions were also heard in the market that some Bollywood stars are now promoting crypto.

In midcap crypto, ether prices jumped to a high of 37 3,700 today, from 8 3,786 to 8 3,787 to 80 3,780. Its market cap jumped from 44 444 billion to 5 445 billion as ether prices rose. The 98 985 to 6 986 million deal was struck in Ether today. The XRP was quoted at 114 to 115 cents today.