MEXCHow 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
- Changpeng ‘CZ’ Zhao Confirms Defamation Lawsuit Plans Against Sen Elizabeth Warren
- Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
- Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
