Ratan Tata

In the recent past, bitcoin has witnessed a positive correlation with the stock markets.

Also Read Why India needs to look east at Taiwan. Meanwhile, US investment banking major Morgan Stanley has said it will offer clients access to bitcoin funds. Bitcoin hitting a lifetime high may have triggered profit-booking by investors as a result of which the bitcoin price has seen a correction. Clarity on the regulatory framework around crypto assets in India will boost the market further in coming months.

Bitcoin reclaims $59, level on Fed and Morgan Stanley boost

Experts also believe that a correction in the stock markets may have a bearing on the crypto verse. Do you have a personal finance query? Send in your queries at mintmoney livemint. Click here to read the Mint ePaper Mint is now on Telegram.

Mistry vows to keep up his fight with Ratan Tata

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Bitcoin India

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Bitcoin has a diverse reputation around Asia

ET Bureau. This is the first investment in digital payment services for Tata, who has previously shown interest in consumer-facing online ventures. The Abra app will initially be available to registered users in the US and the Philippines in the coming weeks.