So what is driving this revival in bitcoin . Erin delmore reports. Its been more than two years since we have seen Bitcoin Cross the 60,000 mark, but the cryptocurrency did just that on wednesday, even soaring to 64,000. It may be closing in on its all time high of 68,000. There are a few reasons why crypto enthusiasts are fired up About Bitcoin these days, newly approved Spot Bitcoin Exchange traded funds have investors buzzing and there is a change coming up in april when bitcoin miners start getting less bitcoin for their efforts and the spectre of lesser supply fuels more demand. 0ne lesser supply fuels more demand. One more thing than any background here, the Federal Reserve is expected to cut Interest Rates this year, that stokes investors because interest in alternative investments like cryptocurrencies. But its not all smooth sailing, some uses of queen based global, the largest trip to exchange in the us unexpectedly saw their balances drop down to zero among the bitcoin buzz
And a large part of that has been driven by growth in the manufacturing and the construction space. Some of the numbers do offer a lot of question marks because if you look at agriculture, if you look at industries, you know, our core sector data is from steel, cement, all of them have actually shrunk. Consumption, in fact, has also been weak too, almost for the nine months it grew by only 5 . And thats why there was there has been a lot of question mark, but a large bit of this has been pushed by the Government Spending in the construction space. You know, Building Infrastructure around the country and some bit of private capital and private investments also seem to be flowing in to the economy right now. And that has pushed the growth to this level right before the national elections, where Prime Minister Narendra Modi is seeking a third term in power. Narendra modi. And this is the premise, the high growth rate where india has become somewhere an alternative to china for most compan
0ur North America correspondent peter bowes sent this update. This means the trial of donald trump on charges that he was involved in a conspiracy to overthrow the result of the 2020 election will be significantly delayed if indeed it is able to go ahead at all. Donald trump is accused of being involved in a conspiracy to defraud the United States through his words, his actions, in the days leading up to january six, 2021, and the assault on the capitol building. He says he was the president at the time and therefore he cannot face these criminal charges because he had president ial immunity and that he cannot be charged for anything he did during that time. We have since heard from him again, after hearing about the Supreme Court does make intention is to look at this case, donald trump releasing a statement, reaffirming his still believed that president ial immunity applies. In fact, he says it is in the best interest of the United States, Notjust Talking about himself but referring
the bbc reporter michelle fleury has more on the story. the road has not been easy. the last time elon musk took to the stage to promote the company s cyber truck, its windows ended up being smashed. four years later, as the company starts delivering the futuristic product to buyers, the problem has been fixed, with customers there in person at the tesla factory there in austin, texas, there to collect their cyber truck. elon musk put on a show to mark this historic moment. this video shows a cyber truck beating a porsche in a drag race while towing a porsche. but tesla s entry into the lucrative us stock market truck market is some two years behind schedule, at a time when high interest rates have dampened buyers ability to make new purchases. the cheapest model is $61,000. elon musk said the company has more thani million reservations and although the cyber truck is not expected to turn a profit for several years to come, given the enormous challenges in actually making
advertisers boycotting his other company eggs formally known as twitter. the bbc reported michelle fleury has more on the story. the road he has not been easy. the last time alaska donna elon musk took to the stage to promote the cyber truck its windows ended up being smashed. four years later as a company starts delivering the futuristic product to buyers the product has been fixed, with customers there in person at the tesla factory there in austin, texas there to collect their cyber truck. elon musk put on a show to mark this historic moment. this video shows a cyber truck beating a porter in a drag race while towing a portia. but tesla s entry into the lucrative us stock market is some two years behind schedule at a time when high interest rates have dampened buyers ability to make new purchases. the cheapest model is $61,000. elon musk said the company has more than1 million more than 1 million reservations more than1 million reservations and other more than 1 million re