Wednesday morning witnessed a rise in the prices of digital currencies, led by Bitcoin, as it jumped by approximately 3.55% – to return once more to the threshold of 40 thousand dollars.
The market value of cryptocurrencies increased at the beginning of trading today, Wednesday, by 3.26%, reaching a volume of 1.77 trillion dollars, recording a trading volume during the last 24 hours, which amounted to 87.52 billion dollars.
It is noteworthy that officials in the European Parliament’s Economic and Monetary Affairs Committee voted last Monday on the framework for markets in digital currencies known as the MiCA Act, a European legislation to regulate digital currencies that was supposed to impose a ban on Bitcoin.
The committee voted to reject the proposed rule that would have banned bitcoin across the union, which would put this provision that was supposed to ban bitcoin outside the regulatory framework for digital currencies in Europe, but a new proposal was made to protect consumers and make bitcoin and cryptocurrency mining more sustainability.
MEPs have agreed in favor of a unified legal framework for regulating cryptocurrencies within the EU that includes consumer protection measures and safeguards once morest market manipulation and financial crime.
But to reduce carbon emissions, members of Parliament have called on the European Commission to include cryptocurrency mining in the EU’s classification of sustainable activities by 2025.
Cryptocurrency rates today
Bitcoin exceeded the level of 40,218.35 dollars, a rise of 4.73% from the last closing price, and the market value increased to reach 754.079 billion dollars.
The price of Ethereum (ETH) rose by 5.99% to record $2,673.45.
The price of Ripple XRP increased by 2.75% to $0.7702 levels.
The price of the Terra Luna currency LUNA/USD fell by 1.89%, to record levels of $89.33.
The Cardano coin price jumped by 2.85% to record $0.8108.
Solana’s price rose by 5.35% to the level of $83.46.
And the Polkadot price gained 7.31% to levels of $18.36.
Dogecoin DOGE/USD gained 2.75% to $0.1144 levels.
