There are many things in the market regarding investing in cryptocurrencies. Many speculations are also being made about how the year 2022 will be regarding investment in cryptocurrencies. It is possible that the central government can take a big decision regarding cryptocurrencies in this budget.
Investors are still attracted
The government has been keeping an eye on this growing market for a long time, so it is possible that the government should take some important decision while attracting investors in this sector. At the beginning of the year 2022, the cryptocurrency market is on the slopes side. The price of many big cryptos is going down. This market also crashed on Friday. The price of bitcoin has also fallen by up to six percent.
There was a trend of people in cryptocurrencies last year. Despite all the risks, people were attracted towards this market. The Indian government is also moving towards a big decision regarding cryptocurrencies. Despite all the warnings from the government, investors did not lose much on this side.
There was a huge fall in the market of Kipto on Friday
The decline of the world’s most popular cryptocurrency bitcoin is not giving good signs about this market. After the fall on Friday, the price of this digital currency has come down by Rs 1,98,773 to Rs 31,75,096. Not only bitcoin but also ethereum has registered a decline. In this, 6.88 percent or Rs 17,331 has fallen to Rs 2,34,512.
The year 2021 has seen an increase in the market of cryptocurrencies
In the month of November 2021, there was a strong increase in bitcoin, ethereum and other cryptocurrencies. Bitcoin and Ethereum touched their all-time highs this month. In the Budget 2022 to be presented on February, the government can make a big announcement regarding cryptocurrencies.