The hunger for Bitcoins persists despite the rout in crypto currencies

Indian exchanges see spurt in volumes due to the entry of newcomers to the trade

The crypto currency bubble seems to have finally burst in 2018, with prices and market cap down by two third from peak levels. The Bitcoin price, which peaked at around Rs 1.5 million in December was quoted at Rs 428,000 on Tuesday afternoon while in international exchanges it was quoting around $6,100. On some international exchanges it fell below $6,000 for a while.

The total Bitcoin market cap was just a tad above $100 billion.

Interestingly, soon after finance minister Arun Jaitley's Budget speech, in which he said Bitcoin wasn't legal tender an could not be accepted as