Bitcoin has been seen trading at its higest since May 2022, a hike of 127%. It had hit an all time high of $67000 in November 2021, states Ajeet Khurrana, Founder of Reflexical.

The Indian finance ministry has also written to Ministry of Electronics and Information Technology to block the URLs of the nine entities that it says are operating illegally without complying with money laundering laws.

Bitcoin has gained 59 percent this year and most of the rise has come in the last few weeks when inflows into U.S.-listed Bitcoin funds have surged.

The cryptocurrency has been boosted by a flood of cash into new spot bitcoin ETFs as well as hopes that US Fed will soon cut interest rates.

Here’s all you need to know about the Bitcoin’s recent surge, the next crypto boom, and more.

The upcoming "halving" event, which is scheduled for April, is expected to be a major milestone for Bitcoin as it will reduce its supply growth by half.

It was the first time since March 24 that the digital asset went below the $65,000-mark.