As we look back on Bitcoin s performance in FY24 and look ahead FY25, the optimism surrounding this digital asset remains high, Sumit Gupta, co-founder, CoinDCX, told Livemint.
The recent surge in momentum of Bitcoin can be largely attributed to the successful launch of spot Bitcoin exchange-traded funds (ETFs) in the United States on January 11.
Coinbase, a popular cryptocurrency trading platform, experienced a technical glitch on Wednesday that caused some users to see zero balances in their accounts. The incident occurred as Bitcoin prices surged, breaking the $60,000 mark for the first time since November 2021. Coinbase assured users that their assets were safe and services had been restored.