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Cryptocurrencies are expected to see increased activity this year with more avenues opening up for their utility, including banking services, trade, and remittances, apart from the investment interest in India. Trading volumes have increased almost eight times since March after the Supreme Court allowed banks to deal with cryptocurrency exchanges.

As 2021 started, the price per Bitcoin, the worlds largest and oldest cryptocurrency, crossed $34,500 globally on January 3. However, it slipped a day later to $30,000 levels. In India, it is currently around Rs 22 ...

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First Published: Tue, January 05 2021. 06:10 IST

Originally posted here:
Cryptocurrency trade may be more action-packed in 2021, say analysts - Business Standard