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International Crypto Exchange after this report is published Binance But the price of bitcoin was over 94,100 dollars. The second largest cryptocurrency Ether had a profit of more than 10 percent. The Ether’s price was trading at $ 1,794. Other fast -fasting cryptocurrency included Cardano, Tron, LiteCoin, Ripple, Monero and Polygon. In the last one day, Crypto’s market capitalization rose by about seven percent to about 2.95 million million dollars.
Market analysts say that the purchase of institutional investors is a major reason behind this boom in the crypto market. Bitcoin spot ETFS has a net inflow of over one billion dollars this week. In the last four months, the Ether has fallen by about 65 percent. Ether has a strong resistance at $ 1,750. It can reach $ 2,100 by breaking this resistance.
Recently, the Executive Director of the Council of the Advisors of the President on the Digital Assets of the White House, BO HINES reported that the US government is considering using its gold reserve for holding bitcoin. He had said, “If we redeem the profit on Gold Reserve, it will be a good way to buy bitcoin.” Hines also mentioned the Bitcoin Act introduced by Senator Cynthia Lummis. It was suggested to buy about 1 million bitcoins. This will be about five percent of the total supply of bitcoin. Trump also signed on order to create a strategic reserve of bitcoin. At the Crypto Summit held at the White House last month, Trump said that the previous Biden government’s decision to sell a large number of Bitcoin was “stupid”. He said that the US government would work to end the bureaucracy’s fight against this segment.
Cryptocurrency prices in Indian exchanges
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