look news india
Mumbai: The rally that started last week in cryptocurrencies after the victory of Donald Trump as the new President of the United States continued in the new week and the price of the leading crypto Bitcoin was seen at an all-time high of $82,271. The price of Bitcoin has more than doubled from $38,505 at the beginning of the current year.
Over the past twenty-four hours, Bitcoin fluctuated between a low of $78,553 and a high of $82,394, closing at $82,200 late in the evening. The total market capitalization of cryptocurrencies exceeded $2.90 trillion.
With the formation of a pro-cryptocurrency government in America, a new boom is being seen in the crypto markets. President Donald Trump is expected to facilitate the trading of crypto.
Led by Bitcoin, other cryptos are also seeing a rise. The price of Ethereum, the second largest crypto in terms of market cap, has also crossed $3200 for the first time. Apart from this, significant growth has also been seen in Solana, Dogecoin, XRP.
The cryptocurrency industry invested more than $11.9 billion behind pro-crypto currency candidates in the US election to pave the way for favorable legislation for the crypto market.
Players are hoping to see long-term growth and stability in the cryptocurrency sector under the Trump administration. There are also reports of large amounts of money being raised in Bitcoin. After Trump’s victory, Bitcoin has increased by 15 percent in the current month.
