Cryptocurrency exchanges keep close tabs on next milestone of Bitcoin halving in April

Cryptocurrency exchanges are keeping a close watch on the next milestone of Bitcoin halving in April 2024, which could lead to a rise in Bitcoin prices and an improvement of investor sentiment.

Bitcoin prices have crashed from a high of around $66,000 in October 2021 to around $27,000 at present. Bitcoin users in India are affected by a tax of 30 per cent and TDS of 1 per cent with many investors looking at overseas exchanges to invest in cryptocurrencies. There is also no regulatory clarity yet on cryptocurrency in India.