Crypto Market in Green, Bitcoin Price More than USD 60,000
The price of Ether has fallen by 2.27 percent. According to Gadgets360’s crypto price tracker, Ethereum The price was around $2,408. Solana, Neo Coin, Iota and Stellar were also in decline. The prices of Avalanche, Binance Coin, Tether, Ripple, Chainlink and Polkadot have increased. In the last one day, the market capitalization of crypto increased by 1.69 percent to about $ 2.13 trillion.
Shivam Thakral, CEO of crypto exchange BuyUcoin, said that the aide of US presidential candidate Kamala Harris has indicated a positive attitude towards digital assets. The crypto market can benefit from this. In the first half of the current year, the capitalization of the international cryptocurrency market increased by almost 44 percent to $ 720 billion. The launch of Bitcoin ETFs earlier this year has accelerated the growth of this segment. According to a report by crypto exchange Binance, Bitcoin has registered growth between January and June this year. The main reasons behind this are the launch of Bitcoin ETF and the fourth halving of its network. The value of the second largest cryptocurrency Ether has also increased rapidly. About $17 billion has been invested in Bitcoin ETFs in the US. The average trading volume per day in these ETFs is approximately $2.3 billion.
This year, Bitcoin made its new high level after almost three years. Its price reached more than $73,737 in March. However, there has been a decline in it since last few months. The reasons behind this decline are tensions and regulatory challenges between some countries. However, the central government has no plans to regulate this segment. The European Union (EU) and UAE have made rules for the crypto segment. Recently, in a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary had said that there is no proposal to make a law to regulate the purchase and sale of virtual assets.
