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Prices on Indian Bitcoin exchanges at all-time high of Rs 73,500 per unit

Price moving sharply higher, market cap at $16 bn-plus: regulatory status in India yet not clear

All you want to know about Bitcoin
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Rajesh Bhayani Mumbai
Bitcoin, an online currency produced (mined) using the cryptography program, is catching people’s fancy and in the past four months, its price has nearly doubled and is trading at $1065per unit. It is just $140 from the all-time high reached three years ago.

Prices on Indian Bitcoin exchanges are around an all-time high of Rs 73,500 per unit, a 4-5 per cent premium to cost. The cost is based on the international Bitcoin price and rupee-dollar exchange rate.

Why are the prices rising? 

Bitcoin, like gold, has emerged as