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Cryptocurrency market hit $2 trillion for the first time in nearly three months

As the global cryptocurrency market hit $2 trillion for the first time in nearly three months, the industry players on Friday said the surge in the market cap indicates a wider acceptance of crypto assets across the globe, including in India.

Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin) once again. The most popular cryptocurrency has been trading in the green with a market cap of more than $848 billion, according to CoinMarketCap.

"The world's oldest cryptocurrency, Bitcoin has witnessed a fantastic rally recently and the latest Ethereum upgrade, also known as London Hard Fork, has boosted the Ether price," said Shivam Thakral, CEO, BuyUcoin.

Crypto assets are moving towards becoming mainstream with many brands around the world accepting cryptocurrency as a form of payment.

"The current bull run is expected to continue, and we are highly optimistic that Bitcoin will hit the $100,000 mark by the end of this year," Thakral said in a statement.

In India, Cryptocurrency exchange WazirX has witnessed a massive 2,648 per cent growth in user signups from tier 2 and 3 cities in the country, observing higher participation from women from smaller towns compared to their urban counterparts.

The cryptocurrency exchange currently has more than 7.3 million users and has clocked over $21.8 billion in trading volume in 2021 till date.

"Crypto has immense potential to remove the financial barriers for rural India, and provide cheaper access to capital, more online jobs," Nischal Shetty, CEO, WazirX had said.

There are more than 1.5 crore Indians holding over Rs 1,500 crore worth crypto assets.

According to industry experts, crypto may become the most important asset class of the 21st century.


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Savitribai Khanolkar, the designer of Param Vir Chakra

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She got to know about India's spiritual and cultural wealth at a very early age through holistic education which she received. Soon, Eve Yvonne fell in love with a Maharashtrian named Vikram Khanolkar, who was a young army officer, and was undergoing training at the Royal Military Academy in the United Kingdom.

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We all prefer comfort over anything and everything. Nothing is more comfortable than getting everything under your own roof. One of the most amazing perks of subscribing to an at-home salon service provider is that you can watch your favourite TV show or OTT series while having your hair treated or nails done. Amidst, Covid-19 and working from home some of the beauty services can be taken simultaneously. Getting beauty services at your home keeps you relaxed and calm. During festivals when you are already busy the on-demand salon services can do wonders for your mind, body and soul.

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India has been ranked 139 out of 149 countries in the list of UN World Happiness Report 2021.

By Aishwarya Jain

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