BTC is now struggling around $20K after losing its $30K benchmark earlier. Analysts maintain a negative view of long-term momentum. Analysts predict that BTC may be entering a low cycle during the next three to six months. The cryptocurrency market plummeted despite a little comeback, thus the general mood is negative.
Bitcoin Price Today in India is ₹ 15,86,010 with a 24-hour trading volume of ₹14,83,82,74,23,775. In the last 24 hours, BTC-INR price has decreased by -3.3%. Bitcoin CoinMarketCap rank is 1. The circulation supply of Bitcoin is 1,90,80,037BTC coins, with maximum circulating supply being unlimited.
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Bitcoin Price Prediction in India Last Week (June 2022)
According to latest bitcoin price prediction, due to regulatory concerns, increased inflation, and volatility, which continue to cause significant fear in the cryptocurrency markets, experts predict that Bitcoin may fall as far as $20,000 during the current sell-off.
Nevertheless, for long-term investors, it is a fantastic entry point at the current price.
In response to the surge in U.S. inflation over the weekend, the market continued to fall, and on Monday, Bitcoin fell to its lowest level since December 2020. Since the start of the year, BTC has dropped more than 49%, and since its all-time high of US$68,990 in 2021, it has fallen by 66%.
Latest Bitcoin News In India 29th June 2022
Breitling, a high-end watchmaker, now accepts bitcoin payments
One of the most renowned watchmakers in the world, Breitling, has hopped on the cryptocurrency bandwagon and begun accepting digital currencies as a form of payment as the technology spreads around the globe.
In fact, Breitling has partnered with BitPay, one of the biggest cryptocurrency payment service providers in the world, to enable users to buy its wristwatches and straps using bitcoin, the payment provider said on June 28.
BitPay accepts payments in the following cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), DogeCoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), and five stablecoins: Binance USD (BUSD), Dai (DAI), Gemini Dollar (GUSD), USDP, and USD Coin, according to the website of the upscale watchmaker (USDC).
Accordingly, the latter was valued at over 2.5 BTC as of the time of publication. At that time, Bitcoin was trading at $20,797, up 0.33 percent on the day but down 3.32 percent over the preceding seven days, according to data from CoinMarketCap.
Breitling likes bitcoin
It is important to note that Breitling is not the first high-end timepiece to support cryptocurrency transactions. In reality, Tag Heuer announced the adoption of cryptocurrency payments for all online sales on its American website in mid-May, according to Finbold.
The Swiss watchmaker also unveiled a new function for its Connected Calibre E4 smartwatch in mid-June that allows users to display their digital art collections with verified evidence of ownership by using it as a non-fungible token (NFT) viewer.
Following suit, Hublot, a second high-end Swiss watchmaker, revealed on June 21 the availability of 200 limited-edition luxury watches for online purchase using a few other cryptocurrencies, also through BitPay.