{"id":1692,"date":"2016-11-18T17:47:41","date_gmt":"2016-11-18T17:47:41","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=1692"},"modified":"2022-12-20T03:30:04","modified_gmt":"2022-12-20T01:30:04","slug":"bitcoin-price-trades","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2016\/11\/bitcoin-price-trades.html","title":{"rendered":"Bitcoin Price trades at $750, $900 in India"},"content":{"rendered":"<p style=\"text-align: justify;\">The <strong>bitcoin price is currently <a href=\"https:\/\/holytransaction.com\/blog\/2016\/12\/bitcoin-price-today-breaches-750.html\">trading at $750<\/a><\/strong>, its highest level in five months.<\/p>\n<p style=\"text-align: justify;\">At the moment, bitcoin price<strong> rose by about 2%, and by $50 since this Monday<\/strong>.<\/p>\n<p style=\"text-align: justify;\">Recently we said that the election of the 45th U.S.A. <a href=\"https:\/\/holytransaction.com\/blog\/2016\/11\/donald-trump-bitcoin-price.html\">President <strong>Donald Trump <\/strong><\/a><strong>might be one of the reasons<\/strong>\u00a0behindthis bitcoin Price growth.<\/p>\n<p style=\"text-align: justify;\">Earlier this week the bitcoin price grow of about\u00a0<a href=\"https:\/\/bitcoincharts.com\/markets\/localbtcINR.html\">$30 in just one hour<\/a>, and now <strong>bitcoin is approaching the 2016 high<\/strong> it reached in June, when the price was at $764.<\/p>\n<p style=\"text-align: justify;\">At that time, bitcoin price was growing mainly due to the <strong><a href=\"https:\/\/holytransaction.com\/blog\/2016\/06\/bitcoin-rise-will-it-continue-in-the-future-days.html\">halving event<\/a>,\u00a0<\/strong>as experts explained that it\u00a0has a key role in the growth of demand, as it reduces the block reward by 50%.<\/p>\n<p style=\"text-align: justify;\">Conversely, this time the <strong>bitcoin price growth is not attributable to a single cause<\/strong>.<\/p>\n<p style=\"text-align: justify;\">Recently, bitcoin has been enjoying bullish feelings among its avid traders, and there are a few signs that its recent ascent might have been drived by foreign market forces.<\/p>\n<p>For example, India has recently experienced a <a href=\"https:\/\/www.cnbc.com\/2016\/11\/15\/india-rupee-restriction-boost-bitcoin-digital-currency.html\">ban on certain denominations of banknotes<\/a>, a development that local bitcoin companies claim has supported business, though public data platforms (including\u00a0LocalBitcoins) explain the effects are not so clear.<\/p>\n<p>In fact, on the Indian exchange Unocoin, <strong>one bitcoin traded for 61,688 India rupees<\/strong>, or more than $900, an event that boosts claims of\u00a0strong local demand.<\/p>\n<p>Another reason why the price is growing could be the <strong>devaluation of China&#8217;s yuan<\/strong>, as it is falling down this week.<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The bitcoin price is currently trading at $750, its highest level in five months. At the moment, bitcoin price rose by about 2%, and by $50 since this Monday. Recently we said that the election of the 45th U.S.A. President Donald Trump might be one of the reasons\u00a0behindthis bitcoin Price growth. Earlier this week the [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,83,468],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price trades at $750, $900 in India -<\/title>\n<meta name=\"description\" content=\"Bitcoin price is growing very fast. It trades $750 and $900 in India. 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