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Bitcoin world's fifth-largest currency, beating rupee

Cryptocurrency's rising value is forcing global central banks to form a view on bitcoin

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Bitcoin Trading

Business Standard 



Bitcoin
Bitcoin

According to data from the RBI, the value of the country’s currency in circulation was $271.6 bn. Compared to that, as many as 16,727,450 bitcoins have been mined which put their market cap (m-cap) at $277 bn till 2 pm on Friday, toppling the rupee as the world’s fifth-largest currency; bitcoin’s m-cap had breached the $300 bn on Thursday night, before falling.

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First Published: Sat, December 09 2017. 02:28 IST

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