Crypto Market in Green, Bitcoin Price More than USD 60,000

The price of Bitcoin, the largest cryptocurrency in terms of market capitalization, rose by more than 2.20 percent on Thursday. The price of Bitcoin was around $63,857 on Indian exchanges and $60,712 on international exchanges. The crypto market may be affected if the employment growth data in the US is lower than expected.

Ether’s price has fallen by 2.27 percent. According to Gadgets360’s crypto price tracker, Ether The price of was around $2,408. Solana, Neo Coin, Iota and Stellar also declined. The prices of Avalanche, Binance Coin, Tether, Ripple, Chainlink and Polkadot have increased. In the last one day, the market capitalization of crypto was up 1.69 percent to around $2.13 trillion.

Shivam Thakral, CEO of crypto exchange BuyUcoin, said that an aide to Kamala Harris, the candidate in the US presidential election, has indicated a positive attitude towards digital assets. This can benefit the crypto market. In the first half of the current year, the capitalization of the international cryptocurrency market grew by about 44 percent to $720 billion. The launch of Bitcoin ETFs earlier this year has led to rapid growth in this segment. According to a report by crypto exchange Binance, Bitcoin has registered growth between January and June this year. The main reasons behind this are the launch of Bitcoin ETFs and the fourth halving of its network. The value of the second largest cryptocurrency Ether has also increased rapidly. About $17 billion has been invested in Bitcoin ETFs in the US. The average trading per day in these ETFs is about $2.3 billion.

This year, bitcoin made its new high level after almost three years. Its price reached more than $ 73,737 in March. However, it has been declining for the last few months. The reasons behind this decline are tensions between some countries and regulatory challenges. However, the central government has no plans to regulate this segment. The European Union (EU) and UAE have made rules for the crypto segment. Recently, in a written reply in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary had said that there is no proposal to make a law to regulate the purchase and sale of virtual assets.