Bitcoin jumps to $41000 while breaking out of trading range
The price of bitcoin increased by approximately 6% on Wednesday after the Federal Reserve hiked interest rates by half a point, the largest increase in roughly 20 years, as predicted.

Bitcoin started to rise in value ahead of the conclusion of the Federal Open Market Committee meeting. Many people predicted the half-point increase. Its rise intensified when Fed Chair Jerome Powell ruled out a 75-basis-point raise.

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The Bitcoin price fluctuations are directly proportional to the Google search trends. The Bitcoin-related Google searches do affect its market performance.

Amidst the ongoing war between Russia and Ukraine, the cryptocurrency market has gained prominence. Cryptocurrencies including Bitcoin and Altcoins (Ethereum) are experiencing price spikes.

Given how quickly digital assets have developed in the past year, Alexander Hoptner, chief executive of Bitmex, a leading global crypto exchange, believes that if Indian authorities take a “positive position” on cryptocurrencies, the nation might move the needle for mass market crypto acceptance worldwide.

Warren Buffett's longstanding business partner, Charlie Munger, said on Wednesday that escalating tensions between the US and China are "massively dumb," and that Bitcoin should have been outlawed, calling it "below contempt."

Munger, 98, spoke during a nearly two-hour question-and-answer session at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publisher and supplier of software to courthouses that he chairs.

Ever since the advent of cryptocurrencies, various mining pools have also emerged and kept growing in number, even though the mining power was at its lowest ebb. But it soon bounced back with an all-time high as mining activity shifted to other crypto hubs like the USA and Kazakhstan. At the same time, the difficulty of mining has also increased. Let’s delve deeper into what cryptocurrency mining is and how competition has increased in the field.

The whole crypto market capitalization has climbed to $1.86 trillion in the previous ten days (roughly Rs. 1,41,00,900 crore).

On Monday, February 14, the majority of cryptocurrencies began the day with losses. Bitcoin fell 0.82 percent and begun trading at $44,528 (about Rs. 33.5 lakh) on the Indian platform CoinSwitch Kuber. Last week was rewarding for Bitcoin, as the digital currency managed to surpass $45,000 (approximately Rs. 34 lakh) in value after weeks of hardship. BTC, on the other hand, suffered a 0.94 percent loss on foreign markets today. On Binance, CoinMarketCap, and Coinbas

Ethereum whales have been quite busy recently, transferring almost $1.3 billion in ETH in the previous week while the price increased by 25%.

On the strength of recent Bitcoin advances, the leading altcoin led the market rebound. As the market positive trend seemed to gather steam, Ethereum, the second-largest cryptocurrency by market size, eventually broke beyond the $3000 psychological barrier.

Bitcoin uses encryption and distributed ledger technology to enable fast and anonymous transfer of value outside of traditional centralised payment systems.

The largest and the most popular cryptocurrency, Bitcoin, is worth $ 43,577.70 (at the time of writing). Believers in this digital currency say that it is the money of the future, a digital alternative to the dollar, euro, yen or an alternative store of value, much alike gold.

Cryptocurrencies that began with gains today outpaced those that opened with losses by a wide margin.

After a hard couple of months, cryptocurrency price charts seem to be reverting to a healthy state, not being dominated by all reds. On Thursday, February 10, Bitcoin began the day with a 0.79 percent increase in value on Indian exchanges. In India, the current market value of Bitcoin is $46,311. (roughly Rs. 35 lakh). On foreign markets, the world's most valuable cryptocurrency saw slight but significant advances. On CoinMarketCap, BTC gained up to 1.24 percent and is now trading at $43,8

One approach to generate money in the blockchain business is to trade or invest in projects. However, this usually involves extensive study and a significant time commitment – and it still does not guarantee a consistent source of income.

Even the greatest investors may suffer extended periods of loss, and having other sources of income is one way to endure them.

In the second week of February, the cryptocurrency market recovered quickly.

The crypto price charts were brimming with greens, with practically all prominent cryptocurrency beginning with gains on Tuesday, February 8. Bitcoin gained 3.40 percent, bringing its trading value to $46,700 (about Rs. 35 lakh) on the Indian market CoinSwitch Kuber. This is the first time in 2022 that Bitcoin prices have risen beyond $45,000 (33.5 lakh) in India. The world's most valuable cryptocurrency seems to have done well in overseas markets as well. BTC commenced trading at about $44,069 (around Rs. 33 lakh

The cryptocurrency ether, which is tied to the ethereum blockchain, has surpassed the $3,000 mark for the first time since January.

In the cryptocurrency market, Bitcoin is now trading over the $42,000 level, having risen past $40,000 over the weekend. At $42,134, the world's biggest and most popular digital coin was up more than 1.5 percent. So far in 2022 (year-to-date or YTD), Bitcoin is down approximately 9%, but it is still 39% off its all-time high of about $69,000 set in November 2021.

The largest cryptocurrency temporarily surpasses the $38,000 mark.
Risk assets have suffered as the Fed prepares to raise interest rates.
The leading cryptocurrencies rose on Friday as Amazon.com Inc.’s good results boosted confidence in technology companies, which digital tokens have generally followed in recent months.
Bitcoin increased by up to 2.9 percent to $38,043, while Ether increased by up to 5.6 percent to $2,810. After trading sideways for many days, both tokens soared in the early afternoon of Asia.

Bitcoin is now stabilising at the USD 38,500 mark. If the bulls continue to be aggressive, the price might soar to USD 40,000.
Similarly, the majority of big cryptocurrencies are trying a critical upward break. If the price of ETH rises over USD 2,800, it may surge higher. XRP may struggle to break beyond the USD 0.65 barrier zone. ADA rose over the USD 1.10 barrier level before falling again.

Indian crypto investors were concerned when the government imposed a 30% tax on cryptocurrency transfers, at a time when most of them had seen their portfolios go into the red owing to the recent crypto crash.

"A lot of small investors are now wondering, 'Is it worth investing in crypto?'" said Vishal Gupta, a crypto pundit based in Noida. "Their holdings are already down as a result of the crypto market's decline over the previous two months."

Cryptocurrencies exchanges have hailed the government's planned taxation of digital assets as a significant step toward recognising cryptocurrency as a new asset class. However, not all gamers are pleased with the change, with some claiming that the 30% slab was too high. Finance Minister Nirmala Sitharaman announced taxation on virtual digital assets, including cryptocurrencies and non-fungible tokens, on Tuesday (NFTs). In addition, the government plans to launch a central bank digital currency, or CBDCs, powered by blockchain technology in 2022-23.

There are various methods for investors to boost their earnings from cryptocurrency holdings. They have the option to purchase, sell, or stake it. They may also employ cryptocurrency faucets in addition to this. A crypto faucet is an app or website that rewards users with modest amounts of cryptocurrency in exchange for performing simple activities. They're called faucets because they're little, like tiny droplets of water trickling from a leaking faucet.

During the previous 24 hours, the global cryptocurrency market capitalization fell from $1.7 trillion to $1.6 trillion, while trading volume increased from $126 billion to $130 billion. The cryptocurrency market value for decentralised finance (DeFi) gained 7.26 percent to $113.19 billion, while stablecoins increased 0.14 percent to $165 billion. To stabilise their price, stablecoins are linked to an asset, such as the dollar or any other fiat money or gold. Bitcoin's market domination increased to 41.26 percent this morning, with the currency trading at $35,203.60. In rupee terms, Bitcoin de