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Bitcoin stands around $24,000

The cryptocurrency market has seen a mix of gains and losses, with Bitcoin holding steady near $24,500 and Solana surging over 12%. Other major cryptocurrencies, including Ethereum and Cardano, have experienced slight declines.

India TV Business Desk Edited By: India TV Business Desk New Delhi Published on: February 24, 2023 11:01 IST
Image Source : FREEPIK Bitcoin stands around $24,000

As of February 23rd, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw a rise of 0.31% and was trading at $24,7100.57. Meanwhile, Ethereum was trading at approximately $1,666.78.

Crypto News

In recent years, the regulatory landscape surrounding cryptocurrencies and blockchain technology has become increasingly complex. However, a recent report from JPMorgan suggests that the Securities and Exchange Commission (SEC) is emerging as the dominant regulator in the United States.

The report notes that the SEC has taken a more active role in regulating cryptocurrencies in recent years, with a particular focus on initial coin offerings (ICOs) and securities offerings. This has been driven in part by the agency's view that many ICOs and other cryptocurrency offerings are actually securities, and therefore subject to the same regulations as traditional securities offerings.

The SEC has also been working to clarify its position on other aspects of the cryptocurrency ecosystem, including custodial services, trading platforms, and exchanges. This has led to a greater degree of regulatory certainty for market participants, which is generally seen as a positive development.

While the SEC is emerging as the dominant regulatory force in the United States, it is not the only agency with an interest in cryptocurrencies. Other regulators, such as the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN), also have jurisdiction over certain aspects of the industry.

Major cryptocurrencies are trading as follows as of 9 am IST, 23 February 2023:

Bitcoin: $24,306.31 USD

Ethereum: $1,679.67 USD

Tether: $1.02 USD

USD Coin: $1.00

BNB: $313.31 USD

XRP: $0.3949 USD

Dogecoin: $0.08581

Cardano: $$0.3872 USD

Polygon: $1.37 USD

Polkadot: $7.17 USD

Tron: $0.06987 USD

Litecoin: $95.82

Shibu Inu: $0.00001337

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