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

There is volatility in the crypto market before the presidential election in America. Bitcoin, the largest cryptocurrency by 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 on Indian exchanges was around $66,375 and on international exchanges it was around $64,388.

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. declining cryptocurrencies included Solana, USD Coin, Ripple, Cardano, Bitcoin SV and Polygon. In the last one day, the market capitalization of crypto increased by about 2.21 percent to about $ 2.26 trillion.

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

Typically, it’s unusual for a presidential candidate to launch a new business so close to an election, but Trump is eyeing a chance to rally cryptocurrency supporters ahead of the Nov. 5 election. However, he had also previously called cryptocurrencies a scam. After this, after contesting the elections 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 also promoted this crypto business. Despite high taxes in India, investors’ interest in cryptocurrencies is increasing. 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 steps against some firms in this segment.