International Crypto Exchange after this report is written Binance But the price of bitcoin was at $ 92,984. The price of the second largest cryptocurrency Ether fell to more than two percent to about $ 3,381. Apart from this, there was a loss in many cryptocurrency like Solana, XRP, Cardano and Stellar. Market analysts say there are signs of recession in bitcoins. This can be a consolidated at a level of $ 90,000. There is a possibility of a huge decline in bitcoin on breaking this level.
However, the possibility for bitcoin in the long term remains intact. Bitcoin holds around 56 percent in Crypto Market. The interest of institutional investors in this most popular cryptocurrency is also increasing. Enterprise software -making Microstrategy made a large number of bitcoin purchases in the eighth consecutive week in late December. It is the most holding company of bitcoin. Micostratezi has about 4,46,000 bitcoins. Recently, this company had told that it can buy more shares this year and buy bitcoin. However, questions have also been raised on the strategy to buy bitcoin by selling microstrate shares.
The Donald Trump, who is going to take over as the president in the US soon, indicated to create a reserve of bitcoin. However, Federal Reserve says that it is not intended to join the upcoming government’s plan to make a big stock of bitcoin. Russian companies are using bitcoins in business from abroad. Russia had allowed the use of cryptocurrency to change the law by changing the laws of Western countries. Russia’s President Vladimir Putin said that the US government is reducing its role by using the US dollar for political purposes. Because of this, many countries have to move to other assets.
Cryptocurrency prices in Indian exchanges
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