September 28, 2023 10:58 am

Bitcoin Rallies to Six-month High

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Bitcoin Rallies to Six-month High

By RT News

The price of the top crypto has jumped past $24,000 despite the growing regulatory scrutiny.

Bitcoin’s price on Thursday surged to its highest level since August, even as US regulators stepped up regulation pressure on cryptocurrency exchanges.

The largest crypto by market capitalization was trading up more than 11% at $24,619 per token as of 09:47 GMT. The value of the entire cryptocurrency market rose more than $76 billion (+8%) over the last 24 hours, according to Coinmarketcap.com.

The rally comes despite increased regulatory scrutiny from US authorities on digital currencies.

Last week, the US Securities and Exchange Commission (SEC) charged cryptocurrency exchange Kraken a $30 million fine for failing to “properly” register its staking program.

On Monday, the New York State Department of Financial Services told crypto firm Paxos to stop minting new Binance USD, or BUSD, stablecoins.

“The current regulatory environment surely looks like a headwind for the crypto market, but it seems like some money is moving from altcoins to Bitcoin, since Bitcoin is the only cryptocurrency that is labeled ‘commodity’ by the SEC chair,” an analyst at Japanese crypto firm Bitcoin Bank Yuya Hasegawa explained to CNBC, adding that “consequently, Bitcoin’s market dominance is on the rise.”

Last year, nearly $1.4 trillion was wiped off the crypto market amid bankruptcies in the sector. The turmoil was led by the collapse of the major exchange FTX.

According to Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, there are increasing signs that the market bottomed last November and has turned bullish.

“We are gaining in momentum here and any bad news is being shrugged off, typical signs that the market believes the worst is over,” the expert told the media outlet.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY