Due to the record breaking boom of bitcoin, the interest of Indian investors in the Crypto market has also increased rapidly. This trend has increased very fast since last week. Some large crypto platforms have recently revealed this, including coindcx, coinswitch, mudrex and zebpay. They say that there has been a tremendous increase in trading volumes since last week. According to the ET report, the flow of crypto trading on all these platforms has reached around Rs 1500 crore in the last 7 days.
Surprisingly, in the month of July alone, Coindcx Daily Trading Volume has seen a 40% increase, which has increased from Rs 78 crore to more than Rs 110 crore in July. Spot and future trading volumes of the platform also saw an increase of 22% week-by-week. The exchange reported that the spot volume alone has increased by 145%.
Trading volume increases rapidly
Mudrex reported that his trading volume has doubled during this week. 40% Volume Tier-2 and Tier-3 have come from cities. Meanwhile, the average weekly volume of the pockets saw an increase of 75%. According to Jebpe, according to the growing interest of big companies, better rules and good economic conditions, this boom of bitcoin is coming. According to Jebpe, the demand for bitcoin and atherium has increased the most on one side, while investors are showing interest in Mim tokens like Pengu and Bananas31.
Interest of small investors increased
Founder Mridul Gupta, Koindcx’s founder, said that between 10 and 15 July, the price of bitcoin rose rapidly to close to 1 crore. For this reason, interest from small investors to big investors increased. By July 15 on the platform, the total trading volume of bitcoin reached 1.66 crores. The average average was 11 lakhs daily, which lived about 6.2 lakh days in June. In July, it increased by about 80% from the volume. Experts believe that the crypto market may be stable in the coming weeks. According to Mudrex CEO and co-founder Edul Patel, Bitcoin may soon cross 1.20 crores.
How much will the price of bitcoin go
Experts believe that the crypto market may be slightly stable in the coming weeks. Awareness has increased among people about bitcoins and big companies are taking more interest in it, although there is still a lot of scope for small investors. But Mridul Gupta warned that short-term fluctuations may occur due to low liquidity, sudden economic shocks and more leverages in the derivatives market near the resistance level, but they believe that by the end of 2025, the bitcoin can go close to 1.30 crores.