If you also earn from Crypto, then this news can prove to be your work. The crypto market is seeing a lot of boom these days, due to which the price of bitcoin has now reached its all time high. The price of bitcoin broke all records and reached beyond 1 crore. Yes, Bitcoin made a new record, its price reached 1.18 lakh dollars i.e. about one crore rupees. However, it was recorded slightly on Saturday and according to Coinmarketcap at 5:30 pm, it was trading at $ 1,17,833. This speed of bitcoin has given big profits to investors.
Bitcoin running away for a month
In the last one month, there has been a tremendous rise in bitcoin. The biggest reason for this is that a huge amount of money is coming in the spot bitcoin ETF. Through ETF, millions of people are now able to invest in cryptocurrency easily. This has accelerated its demand. Apart from this, US dollar weakness has also attracted investors towards bitcoins.
What is the reason for the boom
Another reason for the bounce in bitcoin is the new laws being made about the crypto industry in America. Recently, the Senate has passed a bill named Genius Act, which will regulate digital currency like stabilcin. This law will not only give security to the users but the crypto industry is being considered a big step towards legal recognition.
In the US election of 2024, crypto companies also spent a lot of money. This has made it clear that the influence of crypto is increasing in many countries of the world including America. The debate on three big crypto bills is going to start in the US House of Representatives from 14 July. After this debate, it will be decided what will be the next step of America regarding cryptocurrency.
This coin can become a treasure
Analysts believe that if the rules and laws regarding crypto become clear, then even big companies can make bitcoins a part of their treasures. Some companies like MSTR are already investing in bitcoins for a long period.
Double returns in a year
If we talk about returns, then Bitcoin has given a return of about 105 percent in the last one year. That is, within a year, the capital of investors has almost doubled. Even in the last one month, it has seen an increase of about 10 percent.
Along with bitcoin, other cryptocurrencies such as etherium, dogcaoin, solana, ripple and stallers are also being seen. The highest speed of these has been stallers, which has increased by 70 percent in only one week.
Source: www.tv9hindi.com
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