Bitcoin price today: Almost all cryptocurrencies, including BitCoin, have fallen in price following the tweet of the world’s richest man, Elon Musk. “We are concerned about the rapid increase in fossil energy for bitcoin mining and trading,” Musk wrote in a tweet. Especially coal, which has the worst emissions of any fuel. But now we are once again seeing the recovery of bitcoin prices. Bitcoin prices jumped 3.5% in Asian trading on Monday. For this reason, BitCoin prices have again crossed $ 50 thousand since May.
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Other cryptocurrencies have also flourished
The effect of rising bitcoin prices can also be seen in other cryptocurrencies. The price of cryptocurrencies like ether rose Monday. Let me tell you, for the first time since May, BitCoin prices have crossed 50 thousand dollars. According to recent updates, a bitcoin of $ 50,093 was reported in Asian trade. However, this is still a long way from the all-time high of $ 65,0000. Bitcoin prices were highest in April this year.
Once again, discussions about bitcoin prices have intensified. Many are predicting the Bitcoin price to be one million dollars or more. Rick Basinger, CEO of Basinger Investment Strategy, said in his notes on Monday that Bitcoin trades between $ 40,000 and $ 50,000. It is at an all-time high, he said. However, many experts believe that if investors join, prices could rise to over $ 55,000.
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RBI will bring digital currency
Recently, the Reserve Bank of India (RBI) has talked about bringing digital currency in India. According to RBI deputy governor T Ravishankar, the central bank is strategizing to introduce its own digital currency in a phased manner. As per the plan, RBI is planning to introduce digital currency in the wholesale and retail sectors.