The global crypto market, led by Bitcoin, has surpassed $2 trillion in market capitalization, owing to an increase in institutional demand.

Bitcoin alone has contributed more than $1 trillion since its price more than doubled in 2021 and is now valued at $57,000 per digital coin.

Combined Value of Global Crypto Market

The combined value of the other major cryptocurrencies – Ethereum, Binance Coin, Polkadot, Tether, and Cardano – is around $422 billion.

Tesla has announced that it will begin accepting Bitcoin as payment. Tesla has already made a $1.5 billion investment in Bitcoin.

Tesla CEO Elon Musk announced late last month that people in the United States can now purchase a Tesla using Bitcoins and that the option to pay with the popular cryptocurrency will be available to people in other countries later this year. Increasing the involvement of the Global crypto market in automobile purchases and increasing the value of Tesla.

Shivam Thakral Thoughts about Crypto Market

According to Shivam Thakral, CEO of BuyUcoin, digital assets have outperformed all other asset classes this year, with Bitcoin and Ethereum increasing by 100% and 190%, respectively.

Tesla CEO Elon Musk announced late last month that people in the United States can now buy a Tesla with Bitcoins and that the option to pay with the popular cryptocurrency will be available to people in other countries later this year.

According to Shivam Thakral, CEO of BuyUcoin, digital assets have outperformed every other asset class this year, with Bitcoin and Ethereum increasing by 100% and 190%, respectively.

Bachhat Offer BuyUcoin

“The growing global support for crypto industry is not surprising as think tanks/institutions across the globe have realised the importance of digital assets and want to take first mover advantage. There is no other asset class in the world which can provide such a strong hedge against inflation,” Thakral said in a statement on Wednesday.

In India, with Union Finance Minister Nirmala Sitharaman stating that all cryptocurrency windows will not be closed, industry stakeholders last month stated that a positive move at this point can open up a slew of opportunities for the country. The leading cryptocurrency players in India, represented by the IAMAI (Internet and Mobile Association of India), have urged the Indian government not to ban cryptocurrency, arguing that a robust mechanism to regulate the ecosystem is required. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, has been scheduled for introduction, consideration, and passage in the current session of Parliament.

According to reports, India intends to launch its digital currency, dubbed the Central Bank Digital Currency (CBDC).

This measure will be consistent with the plans of many central banks to issue their digital currencies.

Read about Latest BuyUcoin Offer: Win INR 5000 worth BitTorrent (BTT)

Source: Business-Standard.com

  • Top 3 Bitcoin Apps for European Investors [2026]
    Discover the top three market-leading Bitcoin apps for European investors, with a clear look at self-custody, recurring purchases, and payment methods. Bitcoin apps have become a core entry point for European investors looking to buy and accumulate bitcoin without relying on traditional exchanges. While many platforms bundle bitcoin alongside stocks, ETFs and altcoins, a growing…
  • The Vibeboard Effect: Mood-Based Posters That Shift Aesthetics Based On Themes
    Some posters don’t just look a certain way-they feel a certain way. Designers today aren’t obsessing over matching fonts or colors but matching vibes: cozy, chaotic, dreamy, futuristic, nostalgic, hyper-sleek-every mood becomes a design direction. And with Dreamina, along with the aid of an AI image generator, the ability to experiment with “vibeboards” means aesthetics…
  • Top 7 Bitcoin Consulting Companies, Reviewed for 2026
    Bitcoin consulting has evolved into a specialized field as more people acquire bitcoin and choose to take control of their digital wealth rather than relying on others to store it for them.  Read on to discover seven market-leading Bitcoin consulting companies you can consider contacting so that you get step-by-step guidance on how to secure…
  • What Is a Declaration of Trust and When Should You Use One?
    In 2022, reports say that about 35% of Australian households are co-owning homes with a mortgage, plus 31% own them outright. This means about two-thirds of total homeownership, but they’re often without clear agreements. That leaves major risks unaddressed. If you’re buying with another person or investing via an SMSF (self-managed super fund), a Declaration…
  • How Yoga Helps in De-Stress Cryptocurrency Traders
    When you could lose 30% of your investment in a single day, stress seems unavoidable. This one-of-a-kind asset necessitates one-of-a-kind fortitude. Yoga comes to your rescue! Read More and Learn Poses to De-Stress