Crypto Market Sees Recovery, Bitcoin Price More Than UsD 1,02,900, Ether Gains More Than 20 Percent

After the last few months of volatility, there has been recovery in the Crypto market. The biggest cryptocurrency Bitcoin was up more than three percent on Friday in terms of market value. Apart from this, many other cryptocurrency prices have also increased. The US President Donald Trump has a positive sentiment in the Crypto Market by announcing the trade deal with Britain.

International Crypto Exchange after this report is published Binance But the price of bitcoin rose by about 3.20 percent to about $ 1,02,920. The second largest cryptocurrency Ether had a profit of more than 20 percent. The Ether’s price was trading at $ 2,336. Apart from this, the prices of Solana, Polkadot, Cardano, Monero, Polygon and BNB have increased. In the last one day, Crypto’s market capitalization rose by about five percent to about $ 3.23 lakh crore.

Market analysts say that the trade deal between the US and Britain is a big reason behind this fast. There is a possibility of agreement between the US and China on trade. This can speed up economic activity. The next resistance for bitcoin is $ 1,06,600 and support at $ 98,600. Ether has crossed important resistance of $ 2,200. Liquidity has also increased in the crypto market and this can maintain a speed in short-term. However, the increase in tension between India and Pakistan is expected to affect the market.

Some countries are also accepting payments in cryptocurrency. Bhutan has also joined the list of these countries. Bhutan has announced the launch of the crypto payment system. For this, large crypto exchanges have been tied-up with binance. The objective of this decision of Bhutan is to protect tourists from complications such as currency exchange rates and low availability of international cards and provide easy means of payments. In the economy of Bhutan, the income from tourism has a major contribution. Tourism flight tickets going to this neighboring country of India will be able to make payments in Crypto for visiting hotels, tourist destinations and shopping. For this, Bhutan’s first fully Digital Bank – DK Bank and Binance have tied up. To use this facility, tourists will need to sign on the app of Binance.