As of 09:30 AM (UTC) today, BTC is trading at $27,542, down by -0.08%.Most major cryptocurrencies by market cap are trading mixed.
The global cryptocurrency market cap now stands at $1.09T, down by -2.53% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $27,161 and $27,636 over the past 24 hours. Market outperformers include STPT, LOOM, and ARK, up by 33%, 28%, and 13%, respectively.Top stories of the day:Binance Feed Now Open to All: User-centric Social Platform Invites Crypto Content SharingBinance Research: Crypto Market Stays Steady in September 2023 Despite Global Challenges Friend.tech Responds to SIM-Swap Attacks with Account Login Changes Bitcoin Outperforms US Dollar Amid 'Eggflation' Says Federal Reserve Data DOJ Targets Luxury Jets Owned by Sam Bankman-Fried for ForfeitureMarket movers:ETH: $1639.63 (-0.42%)BNB: $212.6 (+0.00%)XRP: $0.5221 (-1.34%)SOL: $23.07 (-2.25%)ADA: $0.2576 (+0.12%)DOGE: $0.06106 (-0.13%)TRX: $0.08933 (+0.21%)MATIC: $0.5587 (-5.75%)DOT: $4.069 (+0.54%)LTC: $64.66 (+0.26%)Top gainers on Binance:STPT/BUSD (+33%)LOOM/BUSD (+28%)ARK/BUSD (+13%)
As of 09:30 AM (UTC) today, BTC is trading at $27,686, up by 0.52%.Most major cryptocurrencies by market cap are trading mixed. Jerome Powell, chairman of the US Federal Reserve, said in April that more regulation of cryptocurrencies was needed in order to maintain customer confidence.The global cryptocurrency market cap now stands at $1.09T, down by -0.37% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $27,330 and $27,896 over the past 24 hours. Asian, Black and Hispanic Americans are more likely than white adults to say they have invested in cryptocurrency, according to research by the Pew Research Centre. Regulators particularly fear the impact on poorer ethnic minorities.
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It now seems likely that regulators will continue to crack down on the crypto sector, worrying about the impact it has on ordinary people’s finances as they continue to plough their cash into an industry that is filled with business failures and bankruptcies. That pressure is likely to have increased given the scrutiny that Mr Bankman-Fried has put the wider crypto industry under. “The long-term issue is really just regulatory pressure they may come under, especially since entities like the SEC are quite hostile,” he said. Mr McCorry also believes that fears that Binance is on the brink of collapse are overkill. “It looks like the audit report they released has backfired and spooked investors, so people are now withdrawing as it’s safer to do that – and then re-deposit later – versus just keeping the funds on the platform.” “I don’t think the arrest of SBF impacts Binance,” said crypto researcher Patrick McCorry. Whether the concern about Binance is due to Mr Bankman-Fried’s arrest is disputed by those in the industry.
“We always have more than enough funds to fulfil withdrawal requests,” a spokesperson said. Silicon Valley's billionaires are trying to live forever – this is how they plan to cheat death 26 September, 2023 'Before I was a crypto millionaire, I worked 3 jobs at once - there's no excuse for laziness' 14 September, 2023 Bitcoin price crash explained as cryptocurrencies tumble dramatically 18 August, 2023īinance has downplayed the impact of wider scepticism about its stability, saying the company was shored up.
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