Bitcoin Price: Bitcoin reached this level for the first time in 10 months, this year has gained 80% – bitcoin has gained 80 per cent this year price climbs to 10 month high
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Experts say that the crypto market cap has reached 1.23 lakh crore trillion. The crypto market is having a good time at the moment due to many reasons, including the upgrade of Shanghai Ethereum. Inflation figures are about to come in the US and investors are positive about it. It is believed that this may affect the monetary policy of the Federal Reserve. The world’s second largest crypto Ethereum is trading at $1,921. The crypto industry is facing tough scrutiny in the US.
Why is the price of bitcoin increasing
Crypto exchange Coinbase has received a notice from the Securities and Exchange Commission (SEC). It talks about enforcement action. Earlier, the US Commodity Futures Trading Commission sued Changpeng Zhao, the founder of Binance. He is accused of violating derivatives regulations. After the sinking of three banks in America, the discussion about digital tokens has once again started. They are considered more attractive than fiat currency and traditional finance.
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