The global crypto market, led by Bitcoin, has surpassed $2 trillion in market capitalization, owing to an increase in institutional demand.

Bitcoin alone has contributed more than $1 trillion since its price more than doubled in 2021 and is now valued at $57,000 per digital coin.

Combined Value of Global Crypto Market

The combined value of the other major cryptocurrencies – Ethereum, Binance Coin, Polkadot, Tether, and Cardano – is around $422 billion.

Tesla has announced that it will begin accepting Bitcoin as payment. Tesla has already made a $1.5 billion investment in Bitcoin.

Tesla CEO Elon Musk announced late last month that people in the United States can now purchase a Tesla using Bitcoins and that the option to pay with the popular cryptocurrency will be available to people in other countries later this year. Increasing the involvement of the Global crypto market in automobile purchases and increasing the value of Tesla.

Shivam Thakral Thoughts about Crypto Market

According to Shivam Thakral, CEO of BuyUcoin, digital assets have outperformed all other asset classes this year, with Bitcoin and Ethereum increasing by 100% and 190%, respectively.

Tesla CEO Elon Musk announced late last month that people in the United States can now buy a Tesla with Bitcoins and that the option to pay with the popular cryptocurrency will be available to people in other countries later this year.

According to Shivam Thakral, CEO of BuyUcoin, digital assets have outperformed every other asset class this year, with Bitcoin and Ethereum increasing by 100% and 190%, respectively.

Bachhat Offer BuyUcoin

“The growing global support for crypto industry is not surprising as think tanks/institutions across the globe have realised the importance of digital assets and want to take first mover advantage. There is no other asset class in the world which can provide such a strong hedge against inflation,” Thakral said in a statement on Wednesday.

In India, with Union Finance Minister Nirmala Sitharaman stating that all cryptocurrency windows will not be closed, industry stakeholders last month stated that a positive move at this point can open up a slew of opportunities for the country. The leading cryptocurrency players in India, represented by the IAMAI (Internet and Mobile Association of India), have urged the Indian government not to ban cryptocurrency, arguing that a robust mechanism to regulate the ecosystem is required. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, has been scheduled for introduction, consideration, and passage in the current session of Parliament.

According to reports, India intends to launch its digital currency, dubbed the Central Bank Digital Currency (CBDC).

This measure will be consistent with the plans of many central banks to issue their digital currencies.

Read about Latest BuyUcoin Offer: Win INR 5000 worth BitTorrent (BTT)

Source: Business-Standard.com

  • How to Earn Yield on Bitcoin Against Runes Collateral
    The total value locked in decentralized finance (DeFi) has surpassed $122 billion, and BTCFi is carving out a bigger share of the market. HODLing BTC is no longer just about a long-term strategy—it’s about putting your bitcoin to work.  Now, instead of letting it sit idle, you can earn yield on your native BTC.  A…
  • Top 5 Ethereum NFT Marketplaces to Check Out in 2025
    Ethereum non-fungible token (NFT) marketplaces have made it easy for creators and collectors to trade NFTs.  Read on to discover the top five Ethereum NFT marketplaces to check out in 2025 if you want to collect NFTs or mint your collection.   Magic Eden  The Magic Eden NFT marketplace is one of the top platforms for…
  • How Indian players can use UPI and Paytm for online casino payments
    The massive increase in popularity of online casinos in India in recent years stems primarily from the simplified transaction process. Payment options for online casino players have evolved beyond international gateways and complex banking procedures. The introduction of the Unified Payments Interface (UPI) and Paytm has made money deposits and withdrawals at online casinos easier…
  • What’s all the buzz around meme coins? Let’s find out together.
    Meme Coins Explained: Short Yet Useful Guide For Those Doubting To Include Them In Portfolio Meme coins are actively being forced on social media. They are bought not only by ordinary users, but also by major bloggers and world celebrities. Some even manage to earn money on this cryptocurrency. Maybe you can do it too?…
  • Ethereum in Sports: Tokenizing Athletes and Building New Fan Economies
    The sports industry has consistently relied heavily on fan involvement, commitment, and the relationship between the athlete and spectator. Recently, with emerging technologies such as Ethereum, the fans and athletes have been offered more unique features.  Managing tokens as athlete sponsors and building new fans using one of Ethereum’s many decentralized applications is bringing the…