look news india
Bitcoin all time high: Bitcoin has seen a wild rise due to increased volumes in Bitcoin ETFs. Bitcoin has gained more than 5.50 percent in the last 24 hours to reach a record high of 98342.13. In the crypto market, the market volume increased by $206.67 billion, with other cryptos related to Bitcoin also recording impressive growth. With this, the market cap of the crypto market has reached Rs 3.2 lakh crore.
Bitcoin Cash increased by 18 percent
Bitcoin has gained momentum since the launch of its Bitcoin options ETF on November 5 after BlackRock launched a Bitcoin ETF on Nasdaq. In which the trading volume has reached a record high of $ 1.9 billion. As a result, Bitcoin’s sub-currency Bitcoin Cash is up 18.31 percent to trade at $522.29. Crypto experts have said that institutional investors and crypto traders have turned to Bitcoin Cash due to Bitcoin becoming expensive.
Crypto market benefits from Trump’s victory
The crypto market has benefited from Trump’s victory. Bitcoin has risen 30 percent in the last 14 days and 40 percent in a month. Investors are increasing investments in crypto on the hope that Donald Trump will enact reform policies supporting digital currencies. On the back of strong institutional investment and technological developments, Bitcoin will soon cross the $1 lakh mark, and market experts are optimistic that it will reach $2 lakh in 2025 if market conditions remain positive.