Bitcoin Reaches $50,000, Outpacing Equities Market
Bitcoin has experienced significant growth, outpacing the equity market with its price increasing by 3.67% on the day to reach $50,025. This marks a substantial rebound from a 64% decline it faced in 2022. In comparison, India’s equity market has started the year on a weaker note, with the Sensex and Nifty 50 seeing declines. This weakness is attributed to outflows of foreign portfolio investor money and expensive valuations.
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