• Global cryptocurrency market cap increased by over 2% to $896 billion in last 24 hours today
Among cryptocurrencies, the world's largest and most popular digital token bitcoin is trading up more than 2% to $17,230. The largest coin is down three-quarters from its all-time high of $69,000. The global cryptocurrency market cap remained below the $1 trillion mark today, according to data from CoinGecko, even as it gained more than 2% to $896 billion over the past 24 hours.
On the other hand, Ether, the coin tied to the Ethereum blockchain and the second largest cryptocurrency, also gained more than 3% to $1,281. Meanwhile, the price of Dogecoin was trading higher today at $0.09, while Shiba Inu was at $0.000009.
“Bitcoin consolidated above the $17,000 level in the last 24 hours. Even though BTC touched the $17,424 mark, the surge could not last long as the bears suddenly took over. The next immediate support for BTC is the $17,000 level. while resistance is above the $17,400 level. On the other hand, Ethereum is trading near the $1,281 level. Further gains are possible only if the rate reaches the $1,300 area and recovers there," Edul Patel CEO and said the co-founder of Mudrex.
Other crypto price performance improved today as Binance USD, Avalanche, Tether, Terra, Solana, Polygon, Apcoin, Stellar, XRP, Cardano, Uniswap, Polkadot, Chainlink, Litecoin, Tron all showed gains in the last 24-hours Was doing business.
The US securities regulator on Thursday advised public companies to examine whether they are required to disclose potential impacts to investors from upheaval in the cryptocurrency industry, Reuters reports.
Guidance from the Securities and Exchange Commission (SEC) Division of Corporate Finance – tasked with ensuring public companies disclose important information to investors – is the latest sign that regulators are on high alert for further downsides in the wake of the collapse of major crypto firms. are FTX and BlockFi Inc.
FTX's collapse last month was the most shocking in a series of shutdowns this year by major market players, including Celsius and Voyager, major tokens TeraUSD and Luna, that have shaken investment sentiment and wiped $1.5 trillion of cryptocurrency market capitalization. has been eliminated.
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