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Bloomberg Quint

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Image Credit: Bloomberg Quint

Bitcoin Crosses Rs 1 Crore Mark As Crypto Record Run Continues Amid Tariff Jitters

  • Bitcoin has crossed the Rs 1 crore-mark amid global uncertainty triggered by US President Donald Trump's tariff policy.
  • Bitcoin was trading 2.06% higher at Rs 1,01,41,528.03 and 1.83% higher at $118,117 in the global market.
  • The rally in Bitcoin led to unwinding of short positions worth over a billion dollars, with investors pouring $1.2 billion into Bitcoin ETFs.
  • Bullish sentiments were fueled by Trump's comments alongside a US Congressional committee declaring the week of July 14 as "Crypto Week."

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