Crypto Market in Green, Bitcoin Price more than USD 83,520, America to Make Crypto Regulations, Donald Trump

The crypto market has been volatile since the last few weeks due to strict decisions of President Donald Trump in the US and weakening of macro economic signals. There has been some recovery in this market on Wednesday. The largest cryptocurrency Bitcoin price has increased by about 0.60 percent.

International Crypto Exchange after this report is published Binance But the price of bitcoin was around $ 83,404. The second largest cryptocurrency Ether had a profit of about 1.60 percent. The Ether’s price was trading at about $ 1,940. Other fast -fasting cryptocurrency included Solana and XRP. There was a decline in Cronos, LiteCoin, Ripple and Monero. In the last one day, Crypto’s market capitalization rose by about 0.04 percent to about $ 2.72 lakh crore.

Market analysts say that purchasing in bitcoin has increased. Apart from this, spot bitcoin ETFs are also being inflated. Bitcoin has a resistance at about $ 85,000. The Federal Reserve meeting in the US can give a big signal to the Crypto Market. In this meeting, a decision can be taken regarding interest rates. Many MPs in the US have requested Trump to take a tough stand on Crypto. However, Trump has made some decisions in favor of this segment.

Recently, Trump organized the Crypto Summit at the White House. In this, the Crypto Task Force of the US Securities and Exchange Commission (SEC) was instructed to create regulations related to cryptocurrency. At this Crypto Summit, Trump said that the Biden government’s decision to sell a large number of Bitcoin was “stupid”. He said that the bureaucracy battle against this segment would be closed. Trump had reported, “In the last few years, the US government has sold thousands of bitcoins in an idiot manner, which was worth billions of dollars. It took place during the Biden government.” Earlier, Trump had also announced to create a reserve of cryptocurrency. However, bitcoin will not be purchased for this reserve. This will include bitcoins seized by the US government.