Bitcoin surges nearly 4 percent on Wednesday, October 20:

Cryptocurrency prices continue to be upward trajectory on October 20. The global cryptocurrency market capitalisation is Rs 189.26 lakh crores, a 1.87 percent increase over the last day, whereas the total crypto market volume over the last 24 hours is Rs 6,83,293 lakh crores, which makes a 6.77 percent decrease.

Bitcoin's price is currently Rs 49,97,489 and its ascendancy is currently 47.66 percent, an increase of 0.71 percent over the day. Also, Bitcoin hit a 6-month high and was within striking distance of its all-time peak on Tuesday as traders bet the listing of the first bitcoin futures-based U.S. exchange-traded fund could herald investment flows into cryptocurrencies.

The ProShares Bitcoin Strategy Exchange Traded Fund (ETF) on NYSE Arca, owned by Intercontinental Exchange Inc , listed on Tuesday under the ticker BITO. The new ProShares ETF opened at USD 40.88 and was last at USD 41.64. ETFs are securities that track an asset and can be bought or sold on a stock exchange. Analysts said the ETF would likely simplify access to cryptocurrencies for retail investors.

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