Global cryptocurrency market hits USD2 trillion, Bitcoin surges again

Seeing that the global cryptocurrency market hit USD 2 trillion for the first time in nearly 3 months, the industry players on Friday said the RISE in the market valuation (M-Cap)) indicates a wider acceptance of crypto assets across the globe, including in India.

 Bitcoin, the leading cryptocurrency,  has crossed the USD46,000 mark (more than Rs 34 lakh for single coin) once again. The most popular cryptocurrency has been trading in the green with a market cap of more than USD848 billion, according to CoinMarketCap. "The world's oldest cryptocurrency, Bitcoin has witnessed a fantastic rally recently and the latest Ethereum upgrade, also known as London Hard Fork, has boosted the Ether price," said Shivam Thakral, CEO, BuyUcoin.

Crypto assets are moving towards becoming mainstream with many brands around the world accepting cryptocurrency as a form of payment. "The current bull run is expected to continue, and we are highly optimistic that Bitcoin will hit the USD100,000 mark by the end of this year," Thakral said in a statement. In India, Cryptocurrency exchange WazirX has seen an enormous 2,648 percent growth in user signups from tier 2 and 3 cities in the country, seeing higher participation from women from smaller towns compared to their urban counterparts.

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