• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

US Running Low on Cash for Ukraine – White House

September 26, 2023

NATO Looking to Expand Into Asia – Russian MP

September 26, 2023

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023
Facebook Twitter Instagram
Trending
  • US Running Low on Cash for Ukraine – White House
  • NATO Looking to Expand Into Asia – Russian MP
  • Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump
  • Summary of Zelensky’s Speech at the General Assembly
  • The Polish President Accuses Zelensky of Being Ungrateful After Ukraine Sues Poland Over Grain Disputes
  • Newsweek Finally Reporting on Devastating Ukrainian Losses
  • What Will Zelensky Get In The USA? War Or Peace? Military Summary And Analysis For 2023.09.19
  • How Ukraine Plans to DESTROY the Russian Fleet in Crimea?
Tuesday, September 26
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » Bitcoin Rallies to Six-month High
Cryptocurrency

Bitcoin Rallies to Six-month High

adminBy adminFebruary 17, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

Bitcoin Rallies to Six-month High

By RT News

The price of the top crypto has jumped past $24,000 despite the growing regulatory scrutiny.

Bitcoin’s price on Thursday surged to its highest level since August, even as US regulators stepped up regulation pressure on cryptocurrency exchanges.

The largest crypto by market capitalization was trading up more than 11% at $24,619 per token as of 09:47 GMT. The value of the entire cryptocurrency market rose more than $76 billion (+8%) over the last 24 hours, according to Coinmarketcap.com.

The rally comes despite increased regulatory scrutiny from US authorities on digital currencies.

Last week, the US Securities and Exchange Commission (SEC) charged cryptocurrency exchange Kraken a $30 million fine for failing to “properly” register its staking program.

On Monday, the New York State Department of Financial Services told crypto firm Paxos to stop minting new Binance USD, or BUSD, stablecoins.

“The current regulatory environment surely looks like a headwind for the crypto market, but it seems like some money is moving from altcoins to Bitcoin, since Bitcoin is the only cryptocurrency that is labeled ‘commodity’ by the SEC chair,” an analyst at Japanese crypto firm Bitcoin Bank Yuya Hasegawa explained to CNBC, adding that “consequently, Bitcoin’s market dominance is on the rise.”

Last year, nearly $1.4 trillion was wiped off the crypto market amid bankruptcies in the sector. The turmoil was led by the collapse of the major exchange FTX.

According to Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, there are increasing signs that the market bottomed last November and has turned bullish.

“We are gaining in momentum here and any bad news is being shrugged off, typical signs that the market believes the worst is over,” the expert told the media outlet.

Original Source: https://www.rt.com/business/571567-bitcoin-price-us-regulation/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Bitcoin Price Could Smash Record – Standard Chartered

July 17, 2023

Value of US Presidential Candidate’s Bitcoin Stockpile Revealed

July 11, 2023

US Seeks to Freeze Assets of World’s Biggest Crypto Exchange

June 8, 2023

Russia Sees Crypto as ‘Necessary Evil’

May 3, 2023

Crypto Lender Genesis About to Go Bust – Bloomberg

January 20, 2023

Peter Schiff Warns of ‘Crypto Extinction’

January 4, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

US Running Low on Cash for Ukraine – White House

By adminSeptember 26, 2023

US Running Low on Cash for Ukraine – White House By RT News Lawmakers are…

NATO Looking to Expand Into Asia – Russian MP

September 26, 2023

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023

Summary of Zelensky’s Speech at the General Assembly

September 21, 2023
Our Picks

US Running Low on Cash for Ukraine – White House

September 26, 2023

NATO Looking to Expand Into Asia – Russian MP

September 26, 2023

Zelensky Could Have Avoided the Escalation of the Conflict with Russia If He Had Refused Part of the Territories – Former US President Donald Trump

September 22, 2023

Summary of Zelensky’s Speech at the General Assembly

September 21, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.