-
SEC Commissioner Hester Pierce announces the formation of a Crypto Job Force for regulatory readability.
-
Bitcoin value dips to $98k amid broader market volatility.
-
XRP leads losses among top-tier cryptos after an hour-long community hand over.
The cryptocurrency market has witnessed a sharp decline this present day, with the world market cap falling by 2.84% to $3.22 trillion. Shopping and selling volume also took a essential hit, shedding by 24.46% to $193.73 billion. The Terror & Greed Index currently stands at 38, reflecting a honest sentiment among traders.
SEC’s Crypto Job Force to Focal point on Regulatory Readability
SEC Commissioner Hester Pierce launched on February 4th the formation of a dedicated Crypto Job Force. The fresh initiative goals to streamline regulatory guidelines and beef up oversight, providing clearer frameworks for cryptos. This circulate comes as the crypto alternate faces increasing scrutiny from regulators worldwide.
Bitcoin Faces Market Rigidity, Drops to $98k
Bitcoin value has declined by 2.52% in the final 24 hours, settling at $98,206.16. Despite the fall, Bitcoin’s market dominance has climbed to 60.40%, suggesting a capability flight to security amid broader market uncertainty. The 24-hour procuring and selling volume for BTC has diminished by 12.95% to $72.89 billion, indicating a slowdown in exercise.
Study our Bitcoin Tag Prediction 2025, 2026-2030 for a sneak watch into BTC’s future prices.
XRP Community Pause Triggers Losses?
XRP has suffered the steepest decline among valuable cryptocurrencies, plunging 7.32% in the past day. The downturn follows an unexpected one-hour community hand over, causing uncertainty among traders.
Additionally read our XRP Tag Prediction 2025, 2026-2030 to peep the place XRP is headed next!
Altcoins Inform Mixed Performance
Ethereum value has dropped by 2.57% to $2,734.07, whereas Solana slipped by 3.37% to $208.08. The final market downturn has weighed on altcoins, with handiest a few initiatives showing clear momentum.
Top Gainers
- MELANIA: +15.44% to $1.69
- PENGU: +5.21% to $0.01361
- SUI: +3.16% to $3.67
Top Losers
- ENA: -10.20% to $0.5957
- KAS: -7.34% to $0.09812
- AERO: -7.32% to $0.8948
FAQs
Bitcoin is dealing with downward stress, shedding 2.52% in 24 hours, even supposing its dominance has increased to 60.40%.
XRP suffered a 7.32% loss following an unexpected one-hour community hand over, raising considerations among traders.
The SEC’s newly shaped Crypto Job Force, led by Commissioner Hester Pierce, goals to supply clearer regulatory guidelines for the cryptocurrency market.
