Bitcoin, the biggest and most well-known digital asset among cryptocurrencies, is currently trading more than 2 percent higher at USD 17,230. The largest token has decreased by 75 percent from its previous high of USD 69,000. The worldwide cryptocurrency market worth today stayed below the USD 1 trillion threshold, even as it was up over 2 percent in the last 24 hours to USD 896 billion, as per the data by CoinGecko.
"Over the past 24 hours, Bitcoin has consolidated over the USD 17,000 mark. Even though BTC touched the USD 17,424 level, the increase couldn't hold long as bears soon took over. While resistance is found above the USD 17,400 level, the next immediate support for BTC would be at the USD 17,000 level. On the other hand, Ethereum is trading at the USD 1,281 mark. Further growth is achievable only if the rate hits the USD 1,300 range and fixes there," said Edul Patel CEO and Co-Founder of Mudrex.
Other crypto prices' today performance also improved as Binance USD, Avalanche, Tether, Terra, Solana, Polygon, ApeCoin, Stellar, XRP, Cardano, Uniswap, Polkadot, Chainlink, Litecoin, Tron prices were trading with gains over the last 24 hours.
The US securities regulator on Thursday encouraged public businesses to assess if they need to disclose to investors any potential repercussions from upheaval in the cryptocurrency industry, said Reuters.
The latest indication that regulators are on high alert for additional fallout following the collapse of significant crypto firms including FTX and BlockFi Inc. is the guidance from the Securities and Exchange Commission's (SEC) division of corporation finance, which is responsible for making sure public companies give investors key information.
The closure of FTX this month was the most stunning of several significant market participants this year, including Celsius and Voyager, prominent tokens terra and Luna, which have shook investor confidence and destroyed USD 1.5 trillion in market capitalization for cryptocurrencies.
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