1 Bitcoin Price in India 2021
Introduction
Bitcoin, the world's first decentralized digital currency, has been a topic of interest for many investors and enthusiasts around the world. India, being one of the largest economies in the world, has also seen a significant surge in Bitcoin adoption and trading. In this article, we will take a closer look at the price of 1 Bitcoin in India in 2021.
Bitcoin Price in India 2021
As of January 2021, the price of 1 Bitcoin in India was around ₹32 lakh (INR). However, the price has been fluctuating rapidly due to various market and economic factors.
Here is a rough estimate of the price of 1 Bitcoin in India throughout 2021:
Quarter 1 (Jan-Mar)
- January 2021: ₹32 lakh (INR)
- February 2021: ₹38 lakh (INR)
- March 2021: ₹42 lakh (INR)
Quarter 2 (Apr-Jun)
- April 2021: ₹45 lakh (INR)
- May 2021: ₹50 lakh (INR)
- June 2021: ₹55 lakh (INR)
Quarter 3 (Jul-Sep)
- July 2021: ₹58 lakh (INR)
- August 2021: ₹62 lakh (INR)
- September 2021: ₹68 lakh (INR)
Quarter 4 (Oct-Dec)
- October 2021: ₹72 lakh (INR)
- November 2021: ₹78 lakh (INR)
- December 2021: ₹82 lakh (INR)
Factors Affecting Bitcoin Price in India
The price of Bitcoin in India is affected by various factors, including:
- Government Regulations: The Indian government has been taking a cautious approach towards cryptocurrencies, which has led to fluctuations in the price of Bitcoin.
- Global Market Trends: The global market trends and prices of Bitcoin also have an impact on the Indian market.
- Demand and Supply: The demand and supply of Bitcoin in India also affect its price.
Conclusion
The price of 1 Bitcoin in India in 2021 has been highly volatile, with prices ranging from ₹32 lakh to ₹82 lakh. The factors affecting the price of Bitcoin in India are numerous, and investors must be cautious while investing in this highly unpredictable market.
