Bitcoin’s price is surging on international exchanges, driven by significant buying from large investors. It’s currently trading around $94,200 (approximately Rs. 80.3 lakh), reflecting a 7.8% increase over the past week. While global exchanges saw a slight 0.12% rise on Monday, Indian exchanges experienced a marginal dip of 0.09%, with prices fluctuating between $91,400 and $94,1450 (roughly Rs. 78 lakh and Rs. 80.3 lakh). This recent uptick follows a difficult April where Bitcoin’s value bottomed out, suggesting a potential recovery despite the slight downturn on Indian exchanges. The ongoing institutional and whale accumulation points towards continued interest and potential for further price appreciation.
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Bitcoin Price Rises Past $94,000 as Whales, Institutions Continue Aggressive Acquisition
Bitcoin’s price is surging on international exchanges, driven by significant buying from large investors. It’s currently trading around $94,200 (approximately Rs. 80.3 lakh), reflecting a 7.8% increase over the past week. While global exchanges saw a slight 0.12% rise on Monday, Indian exchanges experienced a marginal dip of 0.09%, with prices fluctuating between $91,400 and $94,1450 (roughly Rs. 78 lakh and Rs. 80.3 lakh). This recent uptick follows a difficult April where Bitcoin’s value bottomed out, suggesting a potential recovery despite the slight downturn on Indian exchanges. The ongoing institutional and whale accumulation points towards continued interest and potential for further price appreciation.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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