Bitcoin Price more than USD 1,05,000, Ether Gains 1 Percent

After the volatility of the last few days, the crypto market was on Wednesday. The price of the most popular cryptocurrency Bitcoin has increased by about 0.20 percent. Apart from this, there was also profit in some other cryptocurrency. Institutional investors are increasing interest in this market.

International Crypto Exchange after this report is published Binance But the price of bitcoin was around $ 1,05,330. The second largest cryptocurrency Ether was nearly 1.15 percent. Ether’s price was trading at $ 2,634. Apart from this, the price of Chaninlink, Tether, Ripple, Cardano, LiteCoin and BNB has also increased. In the last one day, Crypto’s market capitalization rose by about 0,47 percent to about 3.32 lakh crore dollars.

Market analysts say that retaining the level of more than one million dollars of bitcoin is indicating strength in the market. Bitcoin holds more than 63 percent in Crypto Market. Russia has given its investors an opportunity to put funds in digital assets through regulated financial products by presenting structured bonds associated with the performance of bitcoin. Along with this, the increase in interest of institutional investors is estimated to be strengthened in the long term for the Crypto Market. Consolidation is taking place in the Ether and is trading in a range. It can go up to $ 3,000 if there is a breakout with more volume in Ether with more volume.

American President Donald Trump has decided to place a big bet on bitcoin. Trump’s social media company Trump Media and Technology Group has decided to invest about $ 2.5 billion (about Rs 21,416 crore) in 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. This bitcoin will be placed in the balance sheet of Trump Media with a cash and short-term investment of about $ 75.9 crore. Crypto.com and anchorage will provide digital custody for this bitcoin holding. Earlier, 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 is clear that the amount of taxpayers will not be used to buy this most popular cryptocurrency.