Bitcoin Drops Near $29.6K; SEC To File Appeal In Ripple Case
By Laxmikant Khanvilkar
After a couple of days of gains, the leading virtual digital assets (VDA) are witnessing a day of losses. The reason being: Securities Exchanges Commission (SEC) is preparing to file an appeal in Ripple case and another multichain project is hit by exploit has, for the dislike of investors, placed renewed uncertainty on the table.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, dropped towards $29,500 mark. Most recently, the BTC was trading at $29,600.33, down 0.66%.
In the previous session, BTC managed to reclaim $30,000 level on optimism led by PayPal announcement of launching its own stablecoin. The optimism failed to last long on renewed legal battle concerns in XRP ruling.
Ether, the second largest crypto in market value, continues to fall. It was recently changing hands at $1,855.38, a fall of 0.05%.
The global crypto market cap, eased 0.38% to $1.18 tn, over the last 24-hours. Simultaneously, the total crypto market volume fell 1.33% to $35.47 bn. The total volume in DeFi is currently $2.87 bn and all stablecoins $30.16 bn, representing 8.08% and 85.03% respectively, of the total crypto market 24-hour volume. Bitcoin’s dominance reduced 0.18% to 48.80%.
IC15 index, the barometer of top fifteen tokens, dry 0.47% to 38,935.
Meanwhile, Coinbase – the largest U.S. crypto exchange – has officially launched its new Base blockchain, becoming the first publicly listed company to offer its own distributed networks.
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