Bitcoin new record
New York: The price of the world's largest cryptocurrency 'Bitcoin' has dropped. At one point on Sunday, it reached a new record of $ 1,25,245.57. This is 2.7 percent more than Saturday. With this, Bitcoin's market cap has surpassed e-commerce giant Amazon. Institutional investors' purchases, positive policies of the Trump government, the falling dollar exchange rate against major currencies, and the US government's shutdown of economic activities are seen as the reasons for the Bitcoin rally.
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