New Delhi, April 29 -- The world's largest cryptocurrency, Bitcoin, at 9 am was at $94,662.19 up 1.16 per cent over the past 24 hours, according to data on CoinMarketCap.

Further, market cap of Bitcoin was also up 1.06 per cent to $1.87 trillion, with trading volume for the 24 hour period recorded at $32.12 billion, data showed.

The price rise has likely been driven by Bitcoin exchange-traded funds (ETFs), institutional demand, and hints of favourable crypto-related policies by the United States government under Donald Trump. Further, the US state of Arizona is considering investments into a Bitcoin treasury, which could potentially influence other states towards including digital asset in their financial strategies.

The global cryptoc...