Best Stock Advisory Company in Indore, Bitcoin trading at over Rs 2 lakh in India as global prices cross $2,500

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A sharp increase in demand has seen an exorbitant price rally in crypto-currencies worldwide, with buying being lead by investors in the US, China, Japan and Korea. At present, Bitcoin is trading at $2,550, 155 per cent more than its price in the beginning of the year. In India, it went up to trade at Rs 2.13 lakh at the time of writing this article.

Globally, crypto-currencies' market cap has surged to $88 billion. A sharp increase in prices in other crypto-currencies, especially Ethereum, has pushed Bitcoin's market cap below 50 per cent. In the beginning of the year, Ethereum's price was at $8.5, which is now at $200, representing a 2,400 per cent return. The top three currencies – Bitcoin, Ethereum, and Ripple – have a combined 80 per cent share in total market cap.