The cryptocurrency market has continued to witness a boom despite the global pandemic wreaking havoc on all significant economies on the planet.
Many crypto startups have emerged in the space during this pandemic to cater to the ever-increasing demand for Bitcoin and alike cryptocurrencies.
For instance, CoinSwitch Kuber recently announced the raising of $15 million (Rs 109 crore) Series A funding from leading global fintech investors such as Ribbit Capital, Paradigm, Sequoia Capital India and prominent angel investor Kunal Shah from CRED.
Cryptocurrency market capitalisation fueled by Bitcoin’s growth recently crossed .
Just six months ago, the price of one Bitcoin was ~₹6,00,000 and today Bitcoin is trading for ~₹25,00,000 which is approximately a 400% rise in the price. Ether, the second-largest cryptocurrency in terms of market capitalisation, crossed a new high of over ₹1,00,000 and rose over 1,000% in value in one year.
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