• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Trading Approaches 1 Crore Mark in India

user avatar

by Tomas Novak

2 days ago


Bitcoin's price in India has reached a notable milestone, currently trading around Rs 1 crore, which is roughly equivalent to $120,000. This development has caught the attention of market analysts who are closely monitoring key support and resistance levels. According to the results published in the material, this surge reflects growing interest in cryptocurrency investments across the region.

Critical Price Zones for Bitcoin in the Indian Market

Analysts have identified critical zones between Rs 98 lakh and Rs 1.05 crore, which are pivotal for determining Bitcoin's future price movements in the Indian market. These levels are essential as they can influence local investor sentiment and trading behavior, potentially impacting buy-sell flows across the country.

Impact of Bitcoin's Performance on the Domestic Cryptocurrency Market

The significance of Bitcoin's performance in Indian rupee terms cannot be understated, as it reflects the broader trends in the domestic cryptocurrency market. As local currency perspectives play a crucial role, traders and investors are keenly observing these fluctuations to make informed decisions.

In a recent development, Conor Grogan from Coinbase highlighted unclaimed donations for terminal cancer patients in Malta, raising concerns about cryptocurrency philanthropy. For more details, see read more.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bitcoin's Favorable Setup Against Gold

chest

Onchain data indicates a significant shift in the BTC-Gold ratio, suggesting Bitcoin may soon outperform gold.

user avatarElias Mukuru

Li Lin Launches $1 Billion Ethereum Asset Management Firm

chest

Huobi founder Li Lin plans to establish a $1 billion Ethereum treasury asset management firm, with Avenir Capital contributing $200 million and Asian institutions committing $500 million.

user avatarDiego Alvarez

Effective Strategies for Growing a College Fund

chest

Budget-conscious families can implement various strategies to grow their college savings effectively.

user avatarFilippo Romano

CryptoAppsy Launches Personalized News Feed for Users

chest

CryptoAppsy has launched a personalized news feed that provides concise updates in Turkish, English, and Spanish, allowing users to filter news based on their portfolio.

user avatarGustavo Mendoza

Market Activity Reflects Renewed Interest in XLM

chest

Daily trading volume for XLM reaches approximately 165 million, indicating renewed interest despite the price being far from all-time highs.

user avatarKenji Takahashi

XLM Bounces Off Support and Eyes Resistance at 0335

chest

Stellar XLM shows signs of recovery after bouncing off the 0285 support level, with potential to test resistance at 0335.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.