NewsletterHow Much is 1 Bitcoin Worth Today in US Dollars, Indian Rupees, and UAE Dirham?
Bitcoin, the crypto world’s “golden asset,” is also reeling from the recent crypto devastation. The November crypto market upheaval triggered new calls to tighten crypto market laws in order to protect investors.
However, it looks like the market is not very sure how to move ahead. This is one the reasons behind slump in the price of OG crypto, Bitcoin.
Bitcoin’s Price In US Dollars
In America, BTC is currently trading at $16,791.05, a 0.17% decrease in the price in the past one day. Its trading volume has also gone down by nearly 21%.
In the last month, the value of bitcoin has dropped from $18,000 to around $16,797.
Bitcoin’s Price in India
In India, Bitcoin is currently trading at 13,856,699.35 INR as of this writing (8 December 2022), up 692.48 INR or 0.05% from yesterday.
In a span of one month, BTC’s value has dropped from around 15 lakhs to 13.8 lakhs, a decrease of 1.2 lakhs approximately.
Bitcoin’s Price in the UAE
According to CoinMarketCap, Bitcoin is currently trading at AED 61,769.26, a decrease of AED 37.63 or 0.06% in previous 24 hours (as of writing this, of course).
In the last month, it has seen a decline from 72,000 AED to 61,000 AED, which is substantial.
Bitcoin’s Future
According to Wallet Investor’s AI cryptocurrency analyst, the price of BTC can move up 7.88 % in the next three months, but may drop in the subsequent 3 months (6 month period from today) by 22.74%.
If we were to believe the Wallet Investor’s prediction, the price of Bitcoin may drop by 92% in the next 5 years. Please keep in mind, however, that these forecasts are mostly in line with current market sentiments, which are fear and uncertainty. According to Wallet Investor’s Bullish or Bearish meter regarding Bitcoin, it currently at heavy bearish level.
Also Read: Here’s How Much Your $100 Investment in Dogecoin Will Be Worth If It Reaches $1
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