However, Ether was down by less than one percent. According to Gadgets360 Crypto According to the price tracker, it was trading at $2,731 on Indian exchanges. The price of Ether on international exchanges was around $2,631. The cryptocurrencies that gained included Avalanche, Binance Coin, Ripple, Cardano, Tron, Polkadot, Litecoin, Cronos and Polygon. The prices of Solana, Qtum and USD Coin have declined. The market value of crypto was up by about 1.89 percent to around $2.26 trillion in the past one day.
The market desk of crypto app CoinDCX told Gadgets360, “The crypto market continues to rally. Sentiment is bullish for Bitcoin but short positions of around $10 billion along with higher lending could put pressure on it. Ether is performing well.” Shivam Thakral, CEO of crypto exchange BuyUcoin, said, “The relaxation in monetary policy in some countries, especially China, is a major reason for the boom in this market.”
Recently, Donald Trump started a cryptocurrency business in America. Trump, his family and associates have launched World Liberty Financial. Usually, it is unusual for a presidential candidate to launch a new business near the election, but Trump is eyeing to win over cryptocurrency supporters before the election on November 5. However, he had also previously described cryptocurrencies as a scam. After this, after contesting again 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 promoted this crypto business. Regulations are being made for this segment in some countries.