On Monday, the noise of bitcoin began to be heard all over the world before the bill coming to the Favor of Cryptocurrency Market in the US Parliament. In the last one week, the price of bitcoin has seen an increase of about 13 percent. Also, the first has reached the record level crossing the level of $ 1.23 lakh. According to experts, US President Donald Trump is already advocating cryptocurrency. He himself is the owner of a cryptocurrency company. Which has recently done a deal with the government of Pakistan.
On Monday, a bill that feeds the Cryptocurrency Market is going to debate in the US Parliament. Because of which the cryptocurrency market is getting boost. With bitcoin, the prices of the rest of the world’s cryptocurrency are increasing. In the last 24 hours, the market cap of cryptocurrency has seen a rise of 3.50 per cent and the total market cap has crossed $ 3.8 trillion. Let us also tell you how fast is being seen in bitcoin and the rest of the world’s currency.
Bitcoin made record
There is a tremendous rise in the prices of the world’s largest cryptocurrency bitcoin. According to the data of Coinmarket.com, the price of bitcoin is seen at $ 122,829.41 at 1.15 am and while there is an increase of 4 percent in 24 hours. The special thing is that during the business session, the price of bitcoin has reached a record high with $ 123,091.61.
This is the first time the price of bitcoin has reached beyond $ 1.23 lakh. Whereas a day before, the price of bitcoin crossed $ 1.20. By the way, in a week, the price of bitcoin has been increased by about 13 percent. Whereas in the current year, the price of bitcoin has been seen by 29 percent. Whereas in the last one year, Bitcoin has given 104 percent return to investors.
The rest of the world’s cryptocurrency boom
- The price of the world’s second largest Kiptocharcy Etherium is increasing by 2.76 percent and has crossed the price $ 3000. In the last one week, the price of Etherium has seen a rise of 18 percent.
- The price of XRP is seen by about 6 percent and the price has come to about $ 3. In the last one week, the price of XRP has seen a rise of more than 30 percent.
- The price of Solana is seen by about 2.70 percent and the price has come to $ 166.70. In the last one week, the price of Solana has seen a rise of about 10 percent.
- The price of dogcoin is seen by about 4.36 percent and the price has come to $ 0.2082. In the last one week, the price of Dogcoin has seen a rise of more than 20 percent.
- The price of Kardano is seeing an increase of about 3 percent and the price has come to $ 0.7610. In the last one week, the price of Kardano has seen a rise of more than 30 percent.
- The price of Shiba Inu is seen by about 5 percent and the price has come to $ 0.00001391. In the last one week, the price of Shiba Inu has seen a rise of more than 18 percent.
Why is the fast coming?
From Monday, the US Representative Assembly will discuss several bills to provide the country’s regional framework to the Digital Assets Industry, which it has been demanding for a long time. These demands are also echoing with US President Donald Trump, who has called themselves “Crypto President” and urged policy makers to change the rules in favor of the industry. According to experts, soon the price of bitcoin can cross the level of $ 1.25 lakh. Also, the overall cryptocurrency market can cross the $ 4 trillion figure. If this happens, it will cross the total GDP figure of India. Currently, India is the fourth largest economy in the world.