1 Bitcoin Price in India 2020
Overview
Bitcoin, the world's first decentralized cryptocurrency, has been making headlines since its inception in 2009. In India, the interest in Bitcoin has been increasing over the years, with many investors and traders wanting to get their hands on this digital asset. In this article, we'll take a look at the price of 1 Bitcoin in India in 2020.
Bitcoin Price in India 2020
January 2020
The year 2020 started on a positive note for Bitcoin, with its price in India hovering around ₹6,50,000 (approximately $9,100 USD) in January.
February 2020
In February, the price of Bitcoin saw a slight dip, falling to around ₹5,80,000 (approximately $8,100 USD).
March 2020
The COVID-19 pandemic took the world by storm in March, leading to a severe correction in the global markets, including cryptocurrencies. The price of Bitcoin in India plummeted to around ₹3,50,000 (approximately $5,100 USD).
April 2020
As the global economy began to recover, the price of Bitcoin started to rise again, reaching around ₹4,50,000 (approximately $6,500 USD) in April.
May 2020
May saw a significant surge in Bitcoin's price, with it reaching around ₹6,20,000 (approximately $9,000 USD).
June 2020
The month of June saw a slight correction, with the price of Bitcoin falling to around ₹5,80,000 (approximately $8,300 USD).
July 2020
In July, the price of Bitcoin started to rise again, reaching around ₹6,50,000 (approximately $9,500 USD).
August 2020
August saw a significant surge in Bitcoin's price, with it reaching around ₹7,50,000 (approximately $11,000 USD).
September 2020
The price of Bitcoin saw a slight correction in September, falling to around ₹6,80,000 (approximately $10,000 USD).
October 2020
In October, the price of Bitcoin started to rise again, reaching around ₹7,20,000 (approximately $10,500 USD).
November 2020
November saw a significant surge in Bitcoin's price, with it reaching around ₹8,50,000 (approximately $12,500 USD).
December 2020
The year 2020 ended on a high note for Bitcoin, with its price in India reaching around ₹9,50,000 (approximately $14,000 USD).
Conclusion
In conclusion, the price of 1 Bitcoin in India in 2020 was marked by significant fluctuations, with the highest price reaching around ₹9,50,000 (approximately $14,000 USD) in December. While the COVID-19 pandemic led to a severe correction in the global markets, the price of Bitcoin recovered quickly and ended the year on a high note.
Disclaimer
The prices mentioned in this article are based on historical data and may not reflect the current market price of Bitcoin. Cryptocurrency investments are subject to market risks, and investors should do their own research before investing in Bitcoin or any other cryptocurrency.
