Markets are recovering...for today.
#BTC reaches 115k again
How much longer will this last?
Bitcoin had fallen to $112,000 on Tuesday but seems to have regained its momentum once again, after rising back to $115,000, a level it has been hovering around for most of the morning.
A $100 billion investment from Apple seems to have boosted stocks and cryptocurrencies today, Wednesday.
The U.S. Securities and Exchange Commission (SEC) issued guidance yesterday stating that “liquid staking activities… do not involve the offer and sale of securities.” This removes a significant amount of regulatory uncertainty surrounding staked cryptocurrencies like ether (ETH) and solana (SOL). And although staking is not part of the bitcoin protocol, the rising regulatory tide lifts all cryptocurrency boats.
The day's trading volume fell by 6.77% to $56.38 billion, but market capitalization increased by 2.25% to $2.29 trillion. Bitcoin's dominance remained largely stable over the 24 hours, sitting at 61.80%.