Bitcoin surpasses $50,000 for the first time in four weeks
By MYBRANDBOOK
The world’s biggest cryptocurrency Bitcoin exceeded the $50,000 mark for the first time in 4 weeks.
The cryptocurrency fell below that level on September 7 amid a broader reimbursement in shares of cryptocurrency and blockchain related firms that day. It continued to fall in September, hitting a low of $40,596 on September 21.
The new week began with an impulse growth for the cryptocurrency market. The cryptocurrency had started showing positive results at the beginning of this week itself. Bitcoin opened trading at Rs. 36,53,453 (roughly $49,285) - representing an overall rise in its exchange value after it was priced around Rs. 34,23,691 (roughly $46,082).
“Bitcoin has seen an impressive recovery after the crash it witnessed in the last leg of September. Volumes have shown good traction, and momentum is strong too. Bitcoin sees a strong resistance at $50,000, and if it does beat that level, a fresh rally can be seen. Bitcoin dominance is up to 43 per cent now, and the market capitalization is close to the $900 billion mark. If it breaks the psychological resistance of $50,000 then we may expect the prices to further rally up to $53,000 to $57,000”, said ZebPay Trade Desk.
Other popular cryptocurrency including Ether and Binance coin and Cardano increased as well. While Ether jumped 3.51% to hit $3,453, Binance Coin climbed 4.57% to $439.08 in the last 24 hours. Cardano surged 2.14% day to day.
India, Vietnam and Pakistan are largely helping in expansion of the cryptocurrency markets in central and southern Asia, according to Chainalysis. In a report, it mentioned that India’s market grew 641% over the past year and Pakistan’s 711%.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
DIGISOL SYSTEMS LTD.
MATRIX COMSEC PVT. LTD.
VVDN TECHNOLOGIES
DATA SAFEGUARD INDIA PRIVATE LIMITED
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : RAJIV MEMANI
As Chair of the EY Global Emerging Markets Committee, Rajiv connects e...
ICONS OF INDIA : SANDIP PATEL
Sandip Patel is the Managing Director for IBM India & South Asia regio...
ICONS OF INDIA : S KRISHNAN
S Krishnan as the secretary for the electronics and information techno...
PARTNER SPEAKERS
PSU
EESL - Energy Efficiency Services Limited
EESL is uniquely positioned in India’s energy sector to address ener...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Lal Karsanbhai, President & CEO, Emerson
Lal Karsanbhai, President and CEO of Emerson, assumed the leadership i...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
