Crypto Market Cap Reclaims $1T and Bitcoin Back Over $22K

Bitcoin has moved back up and is over $22K this morning, nearing the $23K range. The total crypto market cap is also over $1Tl

Crypto Market Cap Reclaims $1T Amid Long-Awaited Blur Airdrop

“The past several days didn’t go well for the primary cryptocurrency amid the ongoing regulatory scrutiny from US watchdogs. At first, the SEC went after Kraken and its staking platform before the agency, as well as the NYDFS, put Paxos under their scope, alleging that it sells unregistered securities by issuing Binance USD (BUSD).

These had a dramatic effect on the price of bitcoin, which went from over $24,000 to under $21,500 in a matter of a week. The latest multi-week low came on Monday at $21,375 (on Bitstamp), while the community focused on the CPI numbers about to be announced yesterday.

As they were slightly worse than the general estimations, BTC headed south quickly before it shot up to over $22,000 later during the day. The asset has remained there as of now as well, as it’s 1.75% up on the day.

Its market capitalization has neared $430 billion once again, while its dominance over the alts stands quiet at 41.6%.”

https://cryptopotato.com/crypto-market-cap-reclaims-1t-amid-long-awaited-blur-airdrop-market-watch/

 

Master Asked on February 15, 2023 in Cryptocurrency.
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