The price of Bitcoin (BTC) remains around ₹ 8,853,319.33 in India. It has seen a slight increase of about 1% in the last 24 hours, while the price is almost stable as compared to last week. i.e Bitcoin Right now a stable zone is trading, where there is neither a sharp decline nor any major boom. Tide tendencies in bitcoin to INR alternate remained till the end in the news.
5% below all-time high
Bitcoin touched its highest high level at ₹ 9,327,533.91 on 20 January 2025. Looking at the current price, this level is currently 5% below. This indicates that bitcoin may once again move towards all-time high, but this will require new energy in the market.
Supply and market cap status
Currently, Bitcoin’s total circulating supply is 1.98 crores (19,865,290 BTC), which is 95% of its maximum supply (2.1 crore). This means that very little BTC is now left for mining.
Bitcoin’s market cap is ₹ 175.97 trillion depending on the current price and if keeping the entire supply in mind, its “full diluted valuation” reaches ₹ 186.03 trillion.
Trading Volume and Market Dominance
According to Coinbase’s data, bitcoin currently remains the most popular cryptocurrency and its market dominance is 65%. That is, BTC is only 65% in the entire crypto market.
The trading volume was ₹ 3.628 trillion in the last 24 hours, while the average of 7 days was ₹ 5.022 trillion. This means that there has been a slight decrease in trading, as the 24 -hour volume average was ₹ 1.394 trillion lower.
The total trading volume was ₹ 131.164 trillion in 30 days, ie an average of ₹ 4.372 trillion has been traded every day. These figures show that people are constantly showing interest in BTC, although trading activity is low for a few days.
Search and Trading Behavior
Last week, BTC was searched more than 1.14 lakh times, but it saw a decline of 37% in the number of buyers and a decline of 8% in the number of sellers. There were a total of 86,195 BTC trades in the last 24 hours, which makes it clear that the market is currently in a quiet phase.
The current situation that puts the effect on the trend of Bitcoin
The price of bitcoin rolled above $ 105,000 after the announcement between the US and China, but was rejected, falling below $ 101,000. Since then it has stabilized around $ 104,000.
Bitwise’s Matt Hugan estimates that bitcoin can reach $ 200,000 by the end of 2025 due to rising institutional demand and reduction in supply, this year 165,000 BTC will be produced by the miners.
Institutional investors are advancing the price of bitcoins, especially after the US approved the first Spot Bitcoin ETF, which led to a large capital inflow from asset manager and funds.
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Conclusion
Bitcoin is currently in a sideways mode, but TIDE tendencies in bitcoin to INR alternate, given its strong position and market dominance, it can be said that BTC is still a trusted option for investors. In the coming weeks, its price can again turn to all-time high, provided positive movements continue in the market.
