The rate of cryptocurrencies has been witnessing rapid fluctuations since last year. In such a situation, big news keeps coming for every crypto investment.
Recently, the rate of cryptocurrencies has galloped due to this order from the US. The same cryptocurrency rate has gone up by 10 percent. In such a situation, investors can get bumper earnings. Also read- 2022 Mahindra Scorpio coming to fly in the market, these new features surfaced for the first time?
Let us tell you that according to the government order signed by US President Joe Biden, US government agencies will explore the possibilities of launching digital currency in America.
Along with this, the risks associated with the use of cryptocurrencies such as whether there is any threat to the financial stability and national security of the country will also be thoroughly investigated. After the US government order, the rate of cryptocurrencies has seen a rise. Due to which it is believed to be a relief to the investors.
crypto market boom
The rate of cryptocurrencies has seen a rise since the US government order on March 10. Due to which it is believed to be a relief to the investors. Bitcoin, the world’s largest cryptocurrency, crossed the $42,000 level with a gain of 10 per cent.
However, due to other reasons, bitcoin fell below $39000 on March 11. Along with this, let us tell you that other big cryptocurrencies Ethereum, Tether and BNB also saw a rise.
Talking about India, there was an atmosphere of despair among crypto investors after the central government imposed 30 percent tax on cryptocurrencies and virtual assets in the budget this year.
After almost a month, there is good news for crypto investors. This move of America has rekindled the hopes of crypto investors of the world. Also read- Quickly tackle this big work related to driving license, otherwise there will be huge trouble!
According to a data report in India, there are more than 15 million crypto investors in India and India is the second fastest growing crypto market in the world. According to another report, people of India have invested about 400 billion rupees in crypto.
