Of cryptocurrency With high prices in the world market Coming The shocks were short-lived and prices rebounded today. After a recent record high of 58 58,000 in Bitcoin, the price went down to 45 45,000.
Institutional buyers re-entered with declining headlines
According to sources in the global market, the decline in Bitcoin has seen the buying of institutions by the headlines and prices have been rising from the headlines. As of this writing on Saturday late in the evening, Bitcoin prices have been hovering between 45,104 and 10 45,105 in the last 24 hours and તથા 47,675 to 6 47,680 in the late evening.
As of this writing on Saturday, the trade volume was 60 60-61 billion and the market capitalization was 88 888-889 billion. Bitcoin was followed by other cryptocurrency prices.
In four months, the price of Bitcoin increased from 10 thousand to 58 thousand
Ether was trading at 14 1,411 to 12 1,412 in the lows and 15 1,563 to 64 1,564 in the highs. Recently, the price of Bitcoin rose from Rs 10,000 to Rs 58,000 in four months.
As Bitcoin’s outflow has increased recently, there have been signs that the decline in Bitcoin has led to an increase in purchases by institutions. The recent outflow of 13,000 such bitcoins from the Coinbase platform was seen to be 65 650 million and all these goods were going to institutional buyers.
There was talk of Institutional Buyers taking over the goods through OTC over the counter through multiple custody wallets. However, despite the glitter in Bitcoin prices, overall, Bitcoin prices have fallen by about 21 to 22 per cent this week, following a sharp fall in prices following this week’s rally.