Crypto Market in Fear Due to Decisions of Trump, Bitcoin Price Declines to UsD 97,200

Crypto market has volatility for the last few weeks. The decision of President Donald Trump in the US to impose tariffs on some countries including China and Mexico has had a major impact on this market. However, this tariff on import has been postponed for a month. The biggest cryptocurrency bitcoin, the largest cryptocurrency bitcoin, was more than 1.30 percent in terms of market value.

International Crypto Exchange after this report is published Binance But the price of bitcoin declined by about 1.40 percent to about $ 97,304. The second largest cryptocurrency Ether had a loss of more than 3.60 percent. The Ether’s price was trading at $ 2,737. Apart from this, the price of chainlink, solana, polkadot and litecoin is reduced. In the last one day, Crypto’s market capitalization was reduced by about 0.87 percent to about $ 3.19 lakh crore.

Market analysts say that there is pressure at the price of bitcoin. However, the eater shows signs of recovery. If purchases in the ether increase, it can be accelerated. Bitcoin’s share in Crypto Market has exceeded 60 percent. Regulatory framework will be prepared for cryptocurrency in the US. Trump had indicated to create a reserve of Bitcoin during his election campaign and bring a policy in favor of Crypto. However, the Federal Reserve did not agree on the plan to create a reserve of bitcoin. Recently this most popular cryptocurrency made high high of $ 1,09,200.

The central government’s stand on cryptocurrency in India has been strict. Recently, the Economic Affairs Secretary, Ajay Seth had said that the government’s stand on cryptocurrency is being reviewed. He said, “Some countries have changed their attitude in terms of use of cryptocurrency, their acceptance and importance. We are reviewing the discussion paper again.” He said that there are no borders for such assets and due to this the country’s attitude cannot be kept unilaterally. Dubai’s Crypto Exchange Bybit has been fined around Rs 9.27 crore due to violation of the Prevention of Money Laundering Act (PMLA).