Bitcoin Still Celebrating Victory of Donald Trump in US, Price Reaches New High of More than USD 81,000

The crypto market is bullish after Donald Trump’s victory in the US presidential election last week. Bitcoin, the largest cryptocurrency by market value, created a new high of more than $81,000 on Monday. The price of Bitcoin was up almost three percent to around $81,500 on international exchanges and around $81,709 on Indian exchanges.

Although, Ethereum There was a decline of less than one percent. Its price was around $3,170 on international exchanges and around $3,306 on Indian exchanges. The prices of USD Coin, Ripple, Cardano, Tron, Near Protocol, Cronos, Stellar and Polygon have increased. In the last one day, the market capitalization of crypto increased by 1.42 percent to about $ 2.73 trillion.

Shivam Thakral, CEO of crypto exchange BuyUcoin, told Gadgets360, “Bitcoin has touched an all-time high of over $81,000 due to Donald Trump’s victory in the US presidential election and the entry of crypto-supporting candidates into Congress. This political The change has led to better regulatory conditions for the crypto market and the possibility of fewer restrictions giving investors hope for long-term growth and stability in this segment. Is.”

However, in the past Trump had also called cryptocurrencies a scam. After this, after contesting the elections again for the post of President, he started supporting digital assets. He also promised to make America the crypto capital of the world. Trump had also hinted at not making strict regulations for this segment and creating a reserve of Bitcoin. There are a large number of people investing in the crypto market in America. These investors are also expected to contribute to Trump’s victory. In September this year, Trump also started a cryptocurrency business. Trump, his family and associates launched World Liberty Financial. Cases of crypto related scams have also increased in the last few years. Making a policy for this segment can also reduce the cases of scams. Recently, the Reserve Bank of India (RBI) had again warned about cryptocurrencies. Along with this, cryptocurrencies were described as a big risk to financial and monetary stability.