
Crypto market reclaims m-cap of $1 tn; Bitcoin rebounds above $23,000
Bitcoin rose 7.5% to hit one month high of $23,526 in the past 24-hour trade; the world’s largest crypto has gained 18.5% in a week.
Bitcoin rose 7.5% to hit one month high of $23,526 in the past 24-hour trade; the world’s largest crypto has gained 18.5% in a week.
The idea is, says Rajagopal Menon of WazirX, that this asset class will be volatile because it is traded 365 days for 24 hours.
Bitcoin has tumbled 24% in the last seven days, while it traded 70% lower than its all-time high of $68,789.63 touched in November last year
The crypto has tanked 64% after reaching an all-time high of around $69,000 in November 2021.
Terra LUNA, which touched an all-time high of $119.5 early last month, declined more than 99% to hit an all-time low of $0 per dollar in the last 24-hour trade.
Global cryptocurrency market capitalisation stood at the $1.75 trillion, up 0.1% in the last 24 hours, but market volume declined 14.27% to $80.64 billion.
IC15 is a broad market index by market capitalisation, which tracks and measures the performance of top 15 widely traded liquid cryptocurrencies.
The drop in crypto comes as global equity markets plunged following Russia's invasion of Ukraine.
The long-time business partner of Warren Buffett calls for a ban on cryptocurrencies.
Investment of ₹1,000 per month in bitcoin for five years would give a return of ₹3.72 lakh, as per Bitbns SIP calculator.