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Bitcoin surges again as the global cryptocurrency market hits $2 trillion.

The global cryptocurrency market reached $2 trillion for the first time in over three months on Friday, with industry participants claiming that the increase reflects a growing acceptance of crypto assets around the world, particularly in India.

Bitcoin has once again surpassed the $46,000 level (about Rs 34 lakh for a single coin). According to CoinMarketCap, the most popular cryptocurrency is trading in the green, with a market worth of more than $848 billion.

"Bitcoin, the world's oldest cryptocurrency, has just seen a tremendous bounce," Shivam Thakral, CEO of BuyUcoin, said. "The current Ethereum upgrade, also known as the London Hard Fork, has lifted the Ether price."

Many brands throughout the world are now accepting cryptocurrencies as a form of payment, indicating that crypto assets are on their way to becoming mainstream.

"We are quite hopeful that Bitcoin will reach the $100,000 milestone before the end of this year," Thakral stated in a statement.

In India, cryptocurrency exchange WazirX has seen a massive 2,648 percent increase in user signups from tier 2 and 3 cities, with women from smaller towns participating at a higher rate than their urban counterparts.

The cryptocurrency exchange now has over 7.3 million users and has a trade volume of over $21.8 billion in 2021.

"Crypto has enormous potential to reduce financial obstacles for rural India, to enable cheaper access to money, and to create more online jobs," said Nischal Shetty, CEO of WazirX.

More than 1.5 million Indians own crypto assets worth more than Rs 1,500 crore.

Cryptocurrency, according to analysts, may become the most important asset class of the twenty-first century.