Bitcoin has recently seen a strong rise in its price, and this has caught the attention of Indian investors. In just one week, top crypto platforms like CoinDCX, CoinSwitch, Mudrex, and ZebPay saw a big increase in the number of people investing and trading.
According to reports:
- These platforms saw $150–200 million in total inflows in one week.
- CoinDCX had a 40% rise in daily trading volumes in July, going from $9.17 million to $12.82 million.
- CoinSwitch reported a 22% week-on-week growth in spot and futures trading. Spot volumes went up by 145%.
- Mudrex said its trading volume doubled, especially in smaller towns (tier-2 and tier-3).
- ZebPay saw a 75% jump in its weekly trading volume.
Why is Bitcoin going up?
Experts say the rise is due to:
- More large institutions (like investment firms) getting involved,
- Clearer government regulations,
- Positive global economic trends.
Besides Bitcoin and Ethereum, fun tokens like Pengu and Bananas31 are also gaining popularity.
The biggest increase in Bitcoin activity happened between July 10–15, when Bitcoin’s price went over $116,000, according to CoinDCX’s Mridul Gupta. During this period, trading volumes shot up, with daily averages 80% higher than in June.
Read more: Market Recap: Indian Indices End Lower; IT and Bank Stocks Drag, Smallcaps Shine
What Experts Are Saying
- Edul Patel from Mudrex believes Bitcoin could soon go beyond $140,000, and may even reach between $150,000 to $185,000 by the end of 2025.
- He added that awareness about Bitcoin is growing, and although big institutions are investing, most regular people (retail investors) haven’t joined yet – which means there’s still more room for growth.
- However, Mridul Gupta warns that the market could still be unstable due to risks like unexpected inflation or large movements in leveraged trading.
In the U.S., a crypto bill backed by Trump was recently rejected, but Himanshu Maradiya from blockchain firm CIFDAQ said this is just a “minor issue” and won’t affect Bitcoin’s overall growth much. Even though Bitcoin fell by about 3% after the vote, investor interest remains strong.
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