$BTC BTC pairs refer to trading pairs on cryptocurrency exchanges where Bitcoin (BTC) serves as the base currency. Traders exchange other cryptocurrencies, like Ethereum (ETH), Litecoin (LTC), or Binance Coin (BNB), against BTC. For example, in the ETH/BTC pair, the price reflects how much Bitcoin is needed to buy one Ethereum. BTC pairs are popular due to Bitcoin's dominance and liquidity in the crypto market. They are widely used for trading and arbitrage opportunities. Monitoring BTC pairs helps traders analyze market trends, make informed decisions, and capitalize on price movements relative to Bitcoin's value
#NFPCryptoImpact In summary, while the NBF seeks to leverage blockchain technology to improve digital governance, it does not have a direct impact on the status or regulation of cryptocurrencies in India. The Indian government continues to deliberate on the appropriate regulatory framework for cryptocurrencies, maintaining a distinction between blockchain technology's application in public services and the use of cryptocurrencies within the financial system.
#NFPCryptoImpact Additionally, the Securities and Exchange Board of India (SEBI) has advised mutual funds to avoid crypto-based investments until clear regulations are established, indicating a cautious approach toward integrating cryptocurrencies into the financial system. #1milion
#NFPCryptoImpact While the NBF emphasizes blockchain's role in public sector applications, it does not directly address or impact cryptocurrencies. In India, cryptocurrencies are generally viewed as assets rather than mediums for transactions. Nandan Nilekani, Infosys's non-executive chairman, has suggested that cryptocurrencies should be treated similarly to assets like gold or real estate, suitable for holding but not for transactional purposes. He points out that India's Unified Payments Interface (UPI) offers a more efficient platform for transactions, handling billions of transactions monthly at minimal cost.
#NFPCryptoImpact The National Blockchain Framework (NBF), launched by India's Ministry of Electronics and Information Technology (MeitY) on September 4, 2024, aims to enhance digital governance by integrating blockchain technology into public services. This initiative focuses on creating a trusted digital ecosystem through permissioned blockchains, which restrict access to authorized participants, ensuring security, privacy, and transparency in government services.
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#BitcoinHashRateSurge "Bitcoin's price shows steady fluctuations today, testing resistance near $26,500. Market momentum remains indecisive, with traders watching for a clear breakout or breakdown."
As of January 3, 2025, Bitcoin (BTC) is trading at approximately $96,980, reflecting a 2.25% increase over the previous day. #Binance250Million #USStateBuysBTC
As of January 2, 2025, Bitcoin (BTC) is trading at approximately $94,855.
Analysts have varying predictions for Bitcoin's price in the near future. For instance, CoinCodex forecasts an 18.94% increase, potentially reaching $110,740 by January 28, 2025 . Conversely, CoinCheckup anticipates a short-term decline, estimating a price of $104,534.48 in one week .
Looking further ahead, Changelly predicts a 6.46% increase, with Bitcoin reaching $101,386.62 by December 31, 2024 . Investing Haven projects a price range between $50,882 and $120,000 for 2025 . Additionally, SwapSpace references PricePrediction.net's forecast of an upturn towards $113,843, and WalletInvestor's estimate of approximately $132,349 by the end of the year .