The current price of Bitcoin on 4th July 2022 (6:00 AM IST) is INR 15,84,884 with a change of +0.18%the last 24 hours. Bitcoin price forecast for 5th July 2022 will be between INR 1363482.91 and INR 1568755.38
Although there is some indication that Bitcoin has struck its yearly low, it is not conclusive.
BTC is valuable as a money for payments as well as a value storage. Although it is not yet where the Dollar or Gold are, it is moving in that direction.
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Last week Bitcoin Price Prediction in India
The price of Bitcoin (BTC), which last traded below $18,000 on June 18, is currently barely above the $21,000 mark. Many experts predicted that the 18-month low that was reached the previous week would be the cycle’s low.
And we can really see a network effect kicking in following the rebound of the Bitcoin price as the community grows simultaneously.
Latest Bitcoin news in India July 2022
Samsung produces 3nm chips that can be used for Bitcoin mining
Samsung, a South Korean technological giant, announced on Thursday that it has begun manufacturing semiconductors using its most recent 3-nanometer (nm) technology. The new chips are suitable for Bitcoin mining equipment.
Fast Facts
- A Chinese semiconductor company that specialises in Bitcoin mining may be one of the first customers for Samsung’s 3nm chips, claims the local newspaper The Elec.
- High-performance and low-power computing will be the initial use of 3nm chips, according to Samsung, with plans to expand to mobile CPUs.
- The profitability of bitcoin mining is declining as a result of growing energy costs and collapsing cryptocurrency markets.
- According to a Bloomberg story, mass manufacturing of 3nm circuits is anticipated to start in the second half of this year at Samsung’s chip rival Taiwan Semiconductor Manufacturing Company, which provides wafers to manufacturers of Bitcoin mining equipment.
Source: Forkastnews
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