Bitcoin Prices Exceeds $ 1 Million 20 Thousand For The First Time
The total value of the crypto market has now reached about $ 30 trillion
The world’s largest crypto currency Bitcoin crossed the highest level in its history, touched a price of US $ 1,21,207.
The increase comes due to discussion on US President Donald Trump’s crypto -friendly policies and the rules of digital assets in the US House of Representatives.
Trump has called himself a “crypto president” and called on policy makers to legislate in favor of the industry.
According to analysts, the crypto market is currently facing positive factors such as institutional investment, Trump’s support, and profit expectations. Analyst Tony Cyrmor has said that the increase could easily be up to $ 1,25,000.
Other crypto currencies such as Ethereum ($ 3,050), XRP and Solana also recorded a 2-3 % increase.
The total value of the crypto market has now reached about $ 30 trillion.
During the ongoing “Crypto Week” in Washington, the US Congress will vote on bills such as the Jeenius Act, the Clearty Act, and the Anti-CBDC Surveillance State Act, which aims to give clear and legal protection to the crypto regulation.
In Hong Kong, crypto ETF markets also saw a sharp rise, where Spotbit Coin and Ethereum Funds touched new heights.
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