The halving event, the US Presidential Election and multiple Fed rate cuts highlighted Bitcoin’s bullish momentum in 2024. However, the price action in 2025 offers to be more proactive, especially considering the recent momentum.
Cryptocurrency in India
Bitcoin Near Approaches $80,000
Bitcoin has surged to a record high of nearly $80,000 due to US President-elect Donald Trump support of digital assets and the possibility of pro-crypto lawmakers in Congress.
Crypto Is Like a ‘Ponzi’ Scheme, India’s Central Bank Warns
In a strong warning to Prime Minister Narendra Modi’s government, a top official at India’s central bank reiterated concerns over cryptocurrency trading, likening the virtual coins to Ponzi schemes.
India Complete Ban on Investment in Cryptocurrencies
The prospect of a fresh ban on cryptocurrencies in India has sent an army of crypto investors scrambling to think of ways to protect or liquidate their holdings. This, as the government appears to be in final stages of bringing in a new legislation governing Bitcoin and other such tokens in India. Is investing in Bitcoin illegal in India?