Bitcoin Makes Record High of USD 1,09,200 Before Trump Oath Taking Ceremony

Crypto Bitcoin has set a new high level of $ 1,09,241 before Donald Trump took oath as president in the US on Monday. The new government in the US can form a policy in favor of cryptocurrency. There is a lot of enthusiasm in the Crypto market. Trump also indicated to create a reserve of bitcoin.

On writing this report, the price of bitcoin on the International Crypto Exchange Binance was trading about 3.60 percent to over 1,08,130 $ 1,08,130. The second largest cryptocurrency Ether had a profit of more than five percent. The price of Ether was over 3,390 $ 3,390. Other fast -fasting cryptocurrency included XRP and BNB. However, there was a decline in the price of many cryptocurrency. In the last one day, Crypto’s market capitalization declined by more than two percent to about 3.60 million million dollars.

Bitcoin ETF is also accelerating funding. Institutional investors have also increased interest in this segment. The American company Microstrategy plans to increase the holding of its bitcoin. For this, the company is planning to increase its authorized a class common stock from about 33 crore shares to more than 10 billion shares. The scheme can be introduced for voting at a meeting of Micostrate’s shareholders on 21 January. However, the company’s founder in the voting of shares, Michael Saylor, owns about 47 percent.

This software company shares will increase the total number of its outstanding shares to the American company Alphabet, which operates e-commerce and technology, Amazon and Internet search engine Google. In October last year, Micostratezi reported that it plans to raise about $ 42 billion by releasing date sales and shares to buy bitcoins in three years. Its share price has increased by more than 2,500 percent from the beginning of buying bitcoins of microstrate. Russian companies are using bitcoins in business from abroad. The Russian government had allowed the use of cryptocurrency to change the law by changing the law and dealing with the restrictions of Western countries.