Bitcoin Sees Strong Gain Before Donald Trump BCCOMES Us President Next Week, Price Reaches More Than UsD 1 Lakh

The crypto market was on Friday before the Donald Trump was sworn in as president in the US. Trump will take over as the President on 20 January. The largest cryptocurrency Bitcoin’s price increased by about two percent to $ 1,01,710 in terms of market value.

On publishing this report, the second largest cryptocurrency is Ether Price The International Crypto Exchange was trading at $ 3,374 at $ 3,374. Other fast -fasting cryptocurrency included avalanche, chainlink, solana, XRP, BNB, Tron and LiteCoin. In the last one day, Crypto’s market capitalization increased by more than two percent to about 3.58 lakh crore dollars.

Market analysts say that the new government of America can avoid the plan to launch the Central Bank Digital Currency. This is likely to strengthen bitcoin. Apart from this, Trump has also indicated to create a reserve of bitcoin. This can increase the demand for this most popular cryptocurrency. Russian companies are using bitcoins in business from abroad. Russia had allowed the use of cryptocurrency to change the law by changing the laws of Western countries. Ukraine has started efforts to stop Russia’s move. Standard Chartered, involved in large international banks, predicts that the price of bitcoin this year can reach almost two million dollars. Earlier, Standard Chartered had predicted a boom in bitcoin.

Recently, Russia President Vladimir Putin said that the US government is reducing its role by using the dollar for political purposes. Because of this, many countries have to move to other assets. Institutional investors are also increasing interest in this segment. Enterprise software -making Microstrategy made a large number of bitcoin purchases in the eighth consecutive week in late December. It is the most holding company of bitcoin. Micostratezi has about 4,46,000 bitcoins. This company had said that it could buy more shares and buy bitcoins this year.