look news india
Ahmedabad: The price of Bitcoin shows no signs of stopping. During trading on Wednesday, its price reached $ 73,000 (i.e. Rs 60,50,659) for the first time. In the last 24 hours of trading, the price of Bitcoin has reached $ 73,661.
Inflation figures in America have been slightly higher than expected but investors say that this will not affect the possibility of interest rate cuts. It is believed that the US Federal Bank may cut interest rates in the middle of this year. Due to which the price of Bitcoin is increasing.
During trading on Wednesday, its price crossed $73,000 for the first time. During the last 24 hours of trading, the price of Bitcoin has increased to $ 73,661. According to the latest US data, consumer prices have increased by 0.36 percent in February. It was expected to grow at a pace of 0.3 percent. Core inflation eased marginally to 3.8 percent year-on-year due to increases in fuel and shelter prices.
CPI data in February was higher than expected. Despite this, the price of Bitcoin remains above $72,000. Its price has increased by 44 percent in the last one month and can go up to $76,000.
