Hoài nghi về giá trị thực của Bitcoin vnexpress.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vnexpress.net Daily Mail and Mail on Sunday newspapers.
Bitcoin Price Surges Above $60,000, Cryptocurrency Hits First High In Nearly A Month
04/11/21 AT 2:15 PM
On talk of reduced supply, Bitcoin (BTC) nearly hit a new high Saturday, surging over $60,000 for the first time in almost a month.
The price of the cryptocurrency reached $60,588.47, short of its all-time high of $61,712 from mid-March. In recent weeks, its price has vacillated in the $50,000s. The new gain put Bitcoin up about 116% from its low of $27,734 on Jan. 4, 2021.
The surge comes about a month after President Joe Biden signed the $1.9 trillion stimulus bill.
Justin d’Anethan, sales manager at Diginex in Hong Kong, broke down the reasoning behind the sudden Bitcoin surge.
Indians could soon be penalised for holding Bitcoin, says new report News
(Representational Image)
Bitcoin and a number of other cryptocurrencies are currently surging at their highest. However, the Indian government seems to be once again trying to ban crypto trading in the country. The government during the Budget 2021 revealed its plan to propose a new bill, which is intended to ban digital money in the country and also fine anyone trading or holding any crypto assets. Also Read - Buy a Electric Tesla car using Bitcoin in the future: Elon Musk
According to a report by
Reuters, the new bill is looking to criminalise possession, issuance, mining, trading and transferring any crypto assets in the country. If the bill is passed, it will make India the first major economy to make holding cryptocurrency illegal. Countries like China have banned mining and trading crypto, but do not penalise their possession. Also Read - Bitcoin Explained: What is it, trading legalities i
Bitcoin jumps 6 64% to record $61,074 on March 13- Business News businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.