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Bitcoin has gained over 70% this year and most of the gains have come over the last few weeks. Meanwhile, the market capitalization of BTC has now reached $1.42 trillion, exceeding that of silver, which stands at $1.38 trillion.
Tata Motors, which dominates the local EV market with a share of more than 70%, wants New Delhi to help replicate an enabling environment similar to the one in China that has pledged to support adoption of electric vehicles until unit sales touched at least a fifth of all new cars sold.
Technical analysis comparing the largest digital assets rally to $52,000 with past surges spits out projections of more gains in coming weeks.
Hopes for Fed rate cuts, optimism about a spot ETF approval, and the scheduled halving in 2024 are helping the cryptocurrency rally.
Days after a record high, bitcoin plunges in biggest intraday drop since February SECTIONS Last Updated: Apr 18, 2021, 12:53 PM IST Share Synopsis Several online reports attributed the plunge to speculation the U.S. Treasury may crack down on money laundering that’s carried out through digital assets. Getty Images Related Bitcoin plunged the most in more than seven weeks, just days after reaching a record. The token fell 8.5% to $55,689.98 as of 1:48 p.m. in Singapore on Sunday, after declining as much as 15.1% to $51,707.51 earlier. Ether, the second-largest cryptocurrency, fell almost 8%....