$85,041.00
2.16%$1,916.98
4.24%$2.15
1.49%$609.16
0.62%$128.01
1.58%$0.999985
0.00%$0.173236
3.70%$0.687197
4.33%$0.23628
-0.77%$1,915.79
4.20%$84,932.00
2.15%$4.00
-3.03%$14.29
5.20%$9.35
2.55%$0.277127
4.04%$2,298.19
4.19%$19.69
4.39%$1.00
0.01%$2.47
7.38%$0.00001287
3.20%$0.172918
5.64%$85.12
2.09%$4.21
3.78%$6.32
1.69%$312.60
3.05%$4.59
2.45%$1,918.27
4.32%$0.999869
-0.01%$0.998752
0.16%$0.707705
-2.13%$13.46
1.05%$2,035.75
4.09%$28.13
-0.20%$218.14
1.56%$6.26
4.70%$5.42
1.46%$0.00000777
8.65%$2.68
3.58%$1.045
0.02%$48.50
0.46%$0.103378
3.03%$85,075.00
2.14%$22.81
1.82%$33.50
1.89%$0.793389
-0.59%$5.51
3.13%$0.823223
4.86%$17.13
1.97%$0.999754
0.16%$169.01
5.67%$1.16
0.09%$10.40
2.55%$0.02360484
3.96%$230.62
3.06%$4.44
0.68%$0.368075
4.04%$3.71
7.11%$1.00
0.00%$2.88
3.49%$3.17
1.42%$85,252.00
2.41%$0.204298
-0.48%$0.068105
3.97%$4.01
-0.03%$0.191898
6.91%$0.512138
6.97%$0.33883
2.23%$10.90
-2.46%$84,842.00
2.09%$0.482511
4.94%$0.768579
3.11%$4.68
-7.68%$0.425059
-2.56%$1,405.39
6.18%$1,994.39
4.22%$1,917.92
4.57%$1.09
4.36%$0.069032
0.17%$0.699942
11.65%$133.39
1.48%$71.14
3.57%$0.833095
6.92%$0.410496
0.91%$0.998959
-0.04%$0.541055
2.09%$0.628623
2.06%$2,170.12
4.16%$0.00001197
6.61%$9.08
3.77%$0.091867
3.25%$0.998171
0.03%$0.177242
2.14%$0.858796
6.48%$0.999294
0.07%$0.01388573
-0.63%$0.99963
0.02%$0.906662
4.34%$14.09
-19.86%$7.44
8.65%$3,144.58
-0.51%$84,115.00
1.79%$2,030.54
3.83%$0.999658
0.03%$608.74
0.67%$2.30
1.18%$0.559152
21.56%$0.01597792
4.16%$0.531344
6.82%$0.670233
1.83%$84,841.00
2.11%$3,129.71
-0.54%$0.279823
2.67%$41.29
10.37%$1.00
0.03%$0.00000067
0.46%$0.177695
3.74%$32.60
2.94%$0.999387
-0.06%$0.394237
3.26%$163.77
1.53%$0.104845
1.53%$1,997.50
4.10%$0.00006045
2.77%$1.94
-2.10%$3.13
2.72%$7.52
8.88%$16.53
3.62%$0.01130774
4.72%$0.66403
4.36%$140.46
1.64%$0.146635
3.62%$1.83
7.20%$0.999731
0.02%$0.074899
-1.05%$0.514404
15.73%$1.87
10.19%$0.997491
0.07%$0.525731
15.44%$84,385.00
2.61%$0.488795
-3.76%$3.01
2.81%$0.257144
3.95%$2.97
11.91%$0.999593
0.02%$0.999848
0.02%$16.57
3.32%$2,034.51
4.00%$27.72
-0.51%$0.00491237
0.03%$0.721295
3.78%$0.153177
0.80%$0.173318
4.08%$84,920.00
1.96%$0.00000044
-0.44%$0.429522
0.24%$85,445.00
0.81%$0.999677
-0.06%$6.50
1.06%$1,920.05
4.37%$0.04438254
4.71%$47.04
19.02%$0.387457
-10.49%$1.19
4.44%$1,918.66
4.24%$0.082256
2.53%$1,918.05
4.32%$5.77
9.40%$1.003
0.46%$1.081
0.00%$110.52
0.02%$0.00002017
1.11%$0.603553
3.54%$0.48737
2.53%$1,995.39
3.93%$1.097
0.85%$84,755.00
2.03%$0.00721868
1.30%$0.00659626
4.27%$0.458535
2.86%$0.181521
5.04%$0.868729
3.07%$0.2051
-0.18%$0.378237
3.82%$1,916.99
4.30%$0.999368
-0.00%$0.00000171
5.08%$1,927.58
4.23%$1.00
-0.20%$0.599501
-0.67%$0.00529839
-4.74%$0.00006123
1.40%$0.00392356
1.78%$0.03300516
9.37%$0.99978
0.06%$1.52
12.87%$122.62
2.13%$1.32
8.29%$2.80
0.63%$0.03102714
0.23%$1,899.55
4.24%$0.00914688
-3.59%$1,918.02
4.25%$0.245185
2.06%$1.21
1.54%$0.25213
3.60%$0.648144
2.88%$3.61
1.29%$22.81
2.56%$2.89
-0.82%$0.00045605
6.38%$0.999521
-0.01%$84,904.00
2.11%$85,265.00
2.52%$2,022.65
4.19%$0.197037
4.07%$2,098.34
4.26%$16.22
2.12%$0.263266
1.82%$0.524016
5.02%$3,108.80
26.00%$1.059
0.65%$0.00341544
8.01%$2,081.95
4.22%$0.557234
11.82%$0.737141
-3.42%$0.06776
1.78%$0.0027959
7.68%$2.48
12.38%$0.107937
2.08%$1.002
0.22%$0.117714
0.52%$0.0351745
1.40%$0.03054095
2.46%$1,905.43
3.66%$0.081554
-2.22%$1,709.13
2.17%$0.00228872
-1.66%$0.94037
1.13%$0.0116633
3.25%$20.95
3.43%$0.291317
-2.19%$0.0297511
1.09%$0.086016
1.15%$0.665752
4.78%$0.00479468
1.69%$0.199682
20.94%$0.523812
2.63%$3.75
5.34%Reading
Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, according to CoinGecko.
Today’s drop comes after Bitcoin’s convincing performance in January, which saw BTC soar almost 40% since the start of the year, raising investors’ expectations for a renewed bull run.
The latest price action also saw Bitcoin shed about $10 billion in market capitalization, which fell to $437.9 billion at the time of writing from $$448 billion on Wednesday. The world’s largest cryptocurrency currently accounts for 39.4% of the market, followed by Ethereum’s 17.7% share of the pie.
The industry’s second-largest cryptocurrency lost 2% over the day, currently trading around $1,640.
Other major cryptocurrencies, including Binance Coin (BNB), Cardano (ADA), and Dogecoin (DOGE) are following a similar price trend, with daily losses being in the range between 2% and 3.5%.
Today’s market drop comes in the wake of the reports of the U.S. Securities and Exchange Commission (SEC) investigating popular cryptocurrency exchange Kraken for alleged securities laws violations.
While Kraken declined to comment on the subject, Bloomberg cited an unnamed person familiar with the matter who claims that the probe is at an “advanced stage” and “could lead to a settlement in coming days.”
The SEC is investigating San Francisco-based cryptocurrency exchange Kraken for violating securities laws, according to reports. Bloomberg reported Wednesday that the investigation was at an “advanced stage” and “could lead to a settlement in coming days,” citing an unnamed person familiar with the matter. Kraken is a digital assets exchange which allows customers to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. It is the fourth largest exchange by daily volume, according t...
In an almost simultaneous development of events on Wednesday, Coinbase CEO Brian Armstrong took to Twitter to deliver a lengthy thread on what he called “rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers.”
“I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen,” he said.
1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.
— Brian Armstrong (@brian_armstrong) February 8, 2023
According to the Coinbase CEO, “staking is a really important innovation in crypto” as it “allows users to participate directly in running open crypto networks” and “brings many positive improvements to the space, including scalability, increased security, and reduced carbon footprints.”
Taking aim at unclear regulations, the Bank of New York Mellon's head of digital assets Michael Demissie said on Wednesday that "we absolutely need clear regulation and rules for the road. We need responsible actors who can offer reliable services that live up to investors' trust."
Speaking at Afore Consulting's 7th Annual FinTech and Regulation Conference, Demissie said he is convinced that cryptocurrencies are "here to stay," adding that “it's important that we navigate this space in a responsible way.”
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Flatulence-themed Solana meme coin Fartcoin is on the rise again, jumping nearly 22% in the last 24 hours to $0.53 and outpacing the gains of top meme coins like Dogecoin (DOGE) and President Trump’s official Solana token (TRUMP) in the same timeframe. The token, whose proponents use the tagline “hot air rises” when promoting its glide higher, has reclaimed a $500 million market cap after crashing to approximately $200 million in early March. However, FARTCOIN still remains about 78% off its al...
Six of the top eight cryptocurrencies by market cap have seen modest gains Tuesday morning, with crypto majors led by Dogecoin and Cardano (ADA) notching gains of up to 5.2% and 5.9% each. Data on CoinGecko also shows green over the past 24 hours across Bitcoin, Ethereum, BNB, and Solana. Charts show Bitcoin gaining 2.5%, Ethereum up 3.7%, with BNB and Solana up 2.5% and 3.3% respectively. Notably, some $1 million in bearish Bitcoin options, with 1,180 contracts for $70K put options, was sighte...
The price of Bitcoin fell to a two-week low on Monday before recovering some losses, as other major cryptocurrencies also seesawed two days ahead of U.S. President Donald Trump’s deadline to impose steep tariffs. The leading digital asset edged up 1% to $83,465, according to crypto data provider CoinGecko. Ethereum, the second largest crypto by market capitalization, rose 1.1% to about $1,840, while Solana, the sixth largest, climbed 1.4% to over $125. The upturn comes as investors look toward A...
