2023-06-21 15:16:24
The price of the Bitcoin cryptocurrency exceeded $29,000, with an increase of more than 10 percent, during Wednesday’s trading, according to data from “BTC.”Coin Market Cap“.
And by 14:30 GMT, the price of Bitcoin, the largest and most widespread cryptocurrency in the world, recorded $ 29.371, an increase of 10.13 percent, and its market value exceeded $ 570 billion, out of the total market value of cryptocurrencies, which is estimated at regarding $ 1.15 trillion.
The market value of Bitcoin during Wednesday’s dealings accounted for 49.7 percent of the total market value of 25,900 cryptocurrencies.
Bitcoin’s rise, Wednesday, for the second day in a row, came with the support of following the “Binance” platform, the largest cryptocurrency trading platform, reached an agreement with the US Securities and Exchange Commission, to avoid a complete freeze of the platform’s assets in the United States and to retain the assets of customers.
Bitcoin and the cryptocurrency market have also received support from the Financial Services and Markets Bill (FSMB) entering its final stages in the UK parliamentary process, and it is expected to become law soon, according to CNN Economic.
The bill includes proposals to regulate stablecoins under the country’s payments rules, and to treat all cryptocurrencies as a regulated activity, at a time when the UK is considered a “global hub for crypto-asset technology”.
Among the good news that contributed to raising the sentiment of investors in the cryptocurrency market as well is the submission of the company, “Black Rock”, a request to establish an exchange-traded fund in the United States, which will be the first of its kind in America.
BlackRock, the world’s largest asset manager, submitted an application to create a Bitcoin exchange-traded fund to the Securities and Exchange Commission on June 15, despite the authority’s opposition to allowing this type of instant fund earlier, but The latest attempt was supported by the weight of the world’s largest asset management company, according to US media.
This demand is “a great addition to the crypto sector,” said Caroline Moron, co-founder of Orbit Markets, a digital asset derivatives liquidity provider.
In the context, “Ethereum”, which is the second largest cryptocurrency in the market, increased by 5 percent during the last twenty-four hours, to reach $ 1813. BNB, which recently suffered a major setback due to lawsuits once morest the Binance platform in the United States, gained 2.8 percent, amounting to $247.
And the “Ripple” or “XRP” currency gained 2.3 percent, to reach $ 0.4903 at the time of preparing the report. Cardano recorded an increase of 7.9 percent within 24 hours, to amend its recent large loss following it was banned from trading on huge platforms such as “Robinhood” and “iToro”. While “Solana” gained 5.6 percent within 24 hours, recording $16.8.
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