International Crypto Exchange after this report is published Binance But the price of bitcoin was around $ 1,09,260. The second largest cryptocurrency Ether raised about 2.50 percent. The Ether’s price was trading at $ 2,760. Apart from this, the price of avalanche, cardano, steellar, litecoin, solana, BNB, monero, XRP and Cronos has increased. In the last one day, Crypto’s market capitalization rose by about 0.80 percent to nearly $ 3.44 million.
Market Analysts say that it may be accelerated after bitcoin breaks 1,10,500 dollars. In this most popular cryptocurrency, the trust of retail and institutional investors has increased again. Institutional investors are increasing interest in the Ether. The funds have not been withdrawn in more than 20 consecutive trading days in the Ishares Ethereum Trust of Blackrock. This is indicating increasing demand from institutional investors. Trade framework has been agreed after two days of talks between the US and China parties. This can have a positive impact on the crypto market.
US President Donald Trump has decided to place a big bet on the Crypto segment. Trump’s social media company Trump Media and Technology Group plans to invest about $ 2.5 billion (about Rs 21,416 crore) in Bitcoin. Recently, Trump also signed an order to create a strategic reserve of bitcoin in the US. In the executive order on which Trump has signed, it has been clarified that the amount of taxpayers will not be used to buy bitcoin. Trump Media and Technology Group has reported that about $ 1.5 billion shares and one billion $ one billion convertible notes will be sold for this purchase of bitcoin. These bitcoins will be placed in the balance sheet of Trump Media with cash and short-term investment of about $ 75.9 crore.
