Bitcoin Holds Above $123K, Ethereum Nears $5K, Altcoins Surge

With Bitcoin again crossing its new all-time high mark, commenting on the current scenario, Kushal Manupati, Regional Growth & Ops Lead of South Asia at Binance, highlighted, “More than just another all-time high, Bitcoin’s ascent to a historic $124,000 signifies the maturing of the virtual digital assets ecosystem. It continues to cement its status as the digital era’s main asset, a store of value that is witnessing growing institutional adoption and mainstream acceptance.

For India, this moment offers a unique opportunity. Critical Web3 infrastructure is already being shaped by India’s developer community, and as usage grows, there is a huge chance to take the lead in tokenized finance, blockchain innovation, and Web3 legislation. The focus of this story has shifted from price charts to laying the groundwork for an inclusive, open, and global technological future.

Along with Bitcoin, altcoins like Ethereum, with its network underpinning the next generation of decentralised applications, from DeFi to tokenisation, continue to show significant momentum and are expected to reach their all-time high price. This underscores the broadening of the VDA ecosystem, where Bitcoin’s store-of-value proposition and Ethereum’s programmable infrastructure together power the evolution of a decentralised economy.” 

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