Bitcoin Sees Huge Jump, Price Increases to more than USD 97,000, Ether, Donald Trump

Crypto market was on Friday. The largest cryptocurrency Bitcoin price has increased by about four percent in terms of market value. Bitcoin has crossed the $ 96,000 level since March. Apart from this, many other cryptocurrency also had profit. International Crypto Exchange after this report is published Binance But the price of bitcoin was around $ 97,040. The second largest cryptocurrency Ether had a loss of about 0.60 percent. The Ether’s price was trading at $ 1,824. Rapid cryptocurrency included avalanche, cardano, polkadot and chainlink. Cryptocurrency such as BNB and XRP declined. In the last one day, Crypto’s market capitalization rose nearly two percent to about 3.01 lakh million dollars.

Market Analysts say Bitcoin has crossed the $ 96,000 level firmly. In the US, the interest rate can be cut by the Federal Reserve. This has increased the confidence of investors. The market also has a positive sentiment in the market by retaining the level of more than $ 1,800. Recently, the Executive Director of the Council of the Advisors of the President on the Digital Assets of the White House, BO HINES, reported that the US government is considering ways to use its gold reserve for holding bitcoin. He had said, “If we book the profit on Gold Reserve, it can be a good way to buy bitcoin.” Hines also mentioned the Bitcoin Act introduced by Senator Cynthia Lummis. It was suggested to buy about 1 million bitcoins.

The number of cases related to scam in this market has increased. To curb this problem, regulations related to crypto are being made in many countries. The Financial Intelligence Unit (FIU) in India has directed all crypto exchanges to conduct the verification of their users’ No-Youyer-Customer (KYC) data by the end of June. It will be necessary for all crypto exchanges to refresh users old KYC details from 18 months.