Crypto mania: Bitcoin, ether hit fresh highs

Petrol price at all-time high of Rs 97/litre in Mumbai; diesel crosses Rs 88-mark

Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88 -mark.

Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.

The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year. Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

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Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12%.Ether is the digital currency or token that facilitates transactions on the ethereum blockchain.

Rakesh Jhunjhunwala might have lost nearly Rs 500 crore in last four days as Sensex, Nifty slip

Based on Rakesh Jhunjhunwala’s shareholding at the end of the October-December quarter, six stocks owned by him could have collectively dealt the nearly Rs 500 crore blow to the big bull.

In the crypto world, the terms ether and ethereum have become interchangeable.Ether futures contracts launched on derivatives exchange CME earlier this month.

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M-cap of eight of top 10 most-valued firms tumbles over Rs 1.23 lakh crore

Eight of the top 10 most-valued companies together witnessed an erosion of Rs 1,23,670.47 crore from market valuation last week, in-line with a bearish broader market trend.