The global cryptocurrency market cap stands at $3.24 trillion, reflecting a 2.58% decrease over the last day.
Major cryptocurrencies have experienced declines:
Bitcoin (BTC): Currently trading at $104,299, with a 0.46% increase over the past 24 hours.
Ethereum (ETH): Priced at $2,513.69, down by 0.32%.
Solana (SOL): Trading at $154.76, a decrease of 0.15%.
These movements are influenced by recent regulatory developments, including the U.S. Securities and Exchange Commission's concerns over staking ETFs.
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📈 Altcoin Spotlight: Bitcoin Cash (BCH) Rebounds
Bitcoin Cash (BCH) experienced a sharp recovery after dipping to $391, closing above $418 as bullish momentum builds amid heavy volume.
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📰 Regulatory Developments: SEC Raises Concerns Over Staking ETFs
The SEC has expressed concerns regarding REX-Osprey staking funds, questioning whether they meet the legal definition of ETFs.