Bitcoin Price USD 1,08,600, Cronos Gains 20 Percent

After the volatility of the last few days, the crypto market was on Wednesday. The largest cryptocurrency bitcoin price in terms of market value was over $ 1,08,600. Apart from this, many other cryptocurrency also had profit. However, the new announcements related to the tariffs of American President Donald Trump are somewhat feared in the market.

International Crypto Exchange after this report is published BinancThe price of Bitcoin on E grew by about 0.20 percent to about $ 1,08,700. The second largest cryptocurrency Etreum was up more than two percent. Ethereum’s price was trading at $ 2,610. Apart from this, the prices of Solana, Cardano, Ripple and BNB have also increased. In the last one day, Cronos has gained more than 20 percent in Crypto Market. Cronos volume has also increased by about 2,000 percent.

Bitcoin has declined somewhat after crossing the $ 1,09,000 level. Market analysts say that the market is accelerating by preparing a policy related to the strategic reserve of Digital Asset Task Force in the US. After the introduction of this policy, the price of bitcoin can cross the level of 1,10,000. In March this year, Trump signed the order to create a strategic reserve of bitcoin. It said that the strategic bitcoin reserve of America would include bitcoins seized by the government. The Crypto Market estimated that bitcoin would be purchased by the US government for this reserve and this would strengthen the demand. It was said in this order that bitcoins deposited in the strategic reserve will not be sold. However, Trump’s order in the new policy may lead to some changes.

The price of Ethereum is trading in the range of 2,540 to 2,630 dollars. Its trading volume has been around $ 18 billion in the last one day. Ethereum’s market capitalization is about 316 billion dollars. Etreum Spot ETFS has been inflow positive since last eight weeks. The demand for this cryptocurrency has increased among institutional investors.