Bitcoin price recently rose to USD 1,10,000; however, since its rise, the cryptocurrency has been falling.
Bitcoin price recently rose to USD 1,10,000 with traders eyeing the crucial resistance level of USD 1,25,000 next. However, since its rise, the cryptocurrency has been falling. BTC price as of 10:46 AM IST on June 12, 2025, fell to USD 1,07,000. It touched the USD 1,09,000 mark yesterday, hinting it would increase in the future. However, it started falling today without showing any upward trend.
The cryptocurrency started the day at USD 1,08,453.72. It fell to the current levels after showing a trading range of USD 1,07,588.34 to USD 1,09,409.54 in the past 24 hours. It reached a low of USD 1,07,033.48 and a high of USD 1,09,702.74.
On the other hand, Paytm share price today, June 12, saw a huge fall in early trade. Stocks of One97 Communications Ltd fell 7.7 per cent to INR 886.50 in the opening minutes of Monday's session after the company announced a new venture. Paytm's shares were trading at INR 886.50, down 7.7 per cent from the previous close of INR 961.15. Earlier, the shares settled down 1.43 per cent at INR 961.15 on Friday, June 7.
The company announced that it is launching a joint venture with HDFC Bank to provide payment gateway services to merchants in India. The new venture will be called Paytm Gateway and will be 51 per cent owned by Paytm and 49 per cent owned by HDFC Bank.
The joint venture will combine Paytm's existing payment gateway business with HDFC Bank's merchant network and banking capabilities. This will provide merchants with a wider range of payment options and services. Paytm is one of the leading payment gateways in India, with over 1.5 lakh merchants on its platform. HDFC Bank is one of the largest private sector banks in India, with a vast merchant network.
The new venture will face competition from existing players in the payment gateway market, such as Razorpay and CC Avenue. However, Paytm and HDFC Bank will be able to leverage their existing strengths to compete effectively. The joint venture will also be able to benefit from the rapid growth of e-commerce and digital payments in India.
