Bitcoin Price Fluctuates in Indian Market
Rapid Price Movements Observed
Latest Exchange Rate: INR 4,89,48,91,30
The daily exchange rate of Bitcoin (BTC) to Indian Rupee (INR) witnessed significant fluctuations over the past week. On Friday, the price reached a high of INR 5,19,54,94, but it has since declined to a low of INR 4,89,48,91,30, according to the latest data from WazirX, India's leading Bitcoin and cryptocurrency exchange platform.
The live price of Bitcoin currently stands at INR 5,10,36,85,830 per BTC, with a market capitalization of approximately INR 100,63,94,11,14,200. The exchange rate has been trending downwards in recent days, reflecting a broader market correction in the cryptocurrency sector.
Bitcoin, a decentralized digital currency, has gained widespread acceptance in India, with numerous exchanges and platforms now offering trading services. The price fluctuations are primarily driven by factors such as demand and supply, market sentiment, and global economic conditions.
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