Mumbai: The improvement in cryptocurrency has been seen in the last 24 hours amid signs of trading tension decreasing between the US and China and the purchase of institutional investors. The lead Crypto Bitcoin has crossed the $ 97,000, which is the highest level of two months.
The perception has improved after US President Donald Trump said that trade agreements with India, Japan and South Korea are possible and are also negotiating with China.
In the last twenty four hours, bitcoin increased from $ 97,437 to $ 96,700 late in the evening. The ethrium behind bitcoin was also growing and trading at $ 1,831. Attractions were also seen in other Crypto XRP, Benns, Solana.
The overall market capitalization of cryptocurrency also increased to $ 3.01 trillion. Market sources said that institutional investors are buying bitcoins.
Bitcoin has seen 28 percent recovery so far from the low -lying level of April. Bitcoin is currently trading above its 50, 100 and 200-day moving averages, indicating a strong rapid tendency.
Given the weakness in the US economy, the possibility of cutting interest rates in the June meeting by the US Federal Reserve has increased.
Bitcoin ETF of Blackrock has raised $ 40 billion in 211 days. There are signs of improvement in the market due to comprehensive economic optimism.
