Crypto Market in Green, Bitcoin Price More than USD 64,400

There is volatility in the crypto market ahead of the US presidential election. Bitcoin, the largest cryptocurrency in terms of market capitalization, was up by about 1.30 percent and about 2.15 percent on Indian and international exchanges on Monday. The price of bitcoin was around $ 66,375 on Indian exchanges and around $ 64,388 on international exchanges.

The price of Ether was around $2,775 on Indian exchanges and $2,674 on international exchanges. Apart from this, the prices of Tether, Binance, Cartesi and Mobox have increased. The decline Cryptocurrencies These included Solana, USD Coin, Ripple, Cardano, Bitcoin SV and Polygon. The market capitalization of cryptos was up by about 2.21 percent in the past one day to around $2.26 trillion.

Edul Patel of crypto exchange Mudrex told Gadgets360, “Market sentiment has improved after Kamala Harris’ statement in the US supporting AI and digital assets. This can push the price of bitcoin to new high levels.” Last week, Donald Trump launched a cryptocurrency business in the US. Trump, his family and associates have launched World Liberty Financial.

Usually, it is unusual for a presidential candidate to launch a new business close to the election, but Trump is eyeing to win over cryptocurrency supporters ahead of the November 5 election. However, he had previously described cryptocurrencies as a scam. After this, after re-entering the election fray for the post of President, he started supporting digital assets. He has also promised to make America the crypto capital of the world. Trump has also indicated not to make strict regulations for this segment and to create a reserve of bitcoin. In the last few weeks, his family has also promoted this crypto business. Despite high taxes in India, investors are increasingly interested in cryptocurrencies. This is the second consecutive year in which the country has a high ranking in the world for investment in cryptocurrencies. However, in the last few months, regulators have also taken strict action against some firms in this segment.