Cryptocurrencies are still a confusing idea for many people, but they are the most talked about topics these days. Among all cryptocurrencies, Bitcoin considered the king of all digital currencies because it continues to rule the charts of the market.
As per the data available at Coindesk, Bitcoin hit the mark of Rs 4.28 million on February 22, but we saw that the cryptocurrency failed to maintain its momentum and tumbled Rs 3.38 million on March 1. However, soon the market recovered and Bitcoin again hit a new high of Rs 4.55 million on March 14. In April, the cryptocurrency has so far maintained a consistent trend and last week the value of bitcoin spiked to a new high of Rs 4.74 million.
This really has brought about a stir in the market. Because the cryptocurrency has been able to generate good returns, retail investors and others are investing heavily in this new-age asset now more than ever.
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