Crypto Market Seeing Volativity, Bitcoin Price More Than UsD 94,900, Donald Trump, Ether

Crypto market has volatility for the last few weeks. The biggest cryptcurrent Bitcoin, the largest crypticency in terms of market value, was nearly 0.20 percent on Tuesday. Apart from this, many cryptocurrency prices have increased. Market analysts say that there is a significant resistance for bitcoin at $ 96,000. International Crypto Exchange after this report is published Binance But the price of bitcoin was at some more than $ 94,970. The second largest cryptocurrency Ether was over 1.50 percent. Ether’s price was trading at $ 1,840. Apart from this, the price of BNB and Solana has also increased. There was a loss in some cryptocurrency like XRP. In the last one day, the market capitalization of bitcoin has been around $ 1.87 lakh crore. This most popular is a resistance at $ 96,000 for this most popular cryptocurrency. Bitcoin spot ETFS has withdrawn about $ 38 million. However, it has a slight impact on the price of bitcoin.

It can create a new high after bitcoin crosses one million dollars level. 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 will be a good way to buy bitcoin.” Hines also mentioned the Bitcoin Act introduced by Senator Cynthia Lummis. In this, there was a favor to buy about 1 million bitcoins.

The number of scam cases in the Crypto 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 mandatory for all crypto exchanges to refresh KYC details older than 18 months. Recently, Crypto Exchange Binance informed its users in the country about the process of verification again through email.