Bitcoin rises despite U.S. crackdown, as crypto market gains $84 billion in value
Publishing timestamp: 2023-02-16 16:05:28
Summary
Crypto markets rose on Thursday despite increased regulatory scrutiny from U.S. authorities. Bitcoin gained 2.06% to $24500.00 and ether was up 1.21% at $1679.31. There are signs that the market has bottomed and is turning bullish. Bitcoin's price is at its highest level since mid-August 2022 and there is a shift from altcoins to bitcoin due to its classification as a commodity by the SEC. Rising interest rates from the Federal Reserve and bullish sentiment in risk assets have also aided the market.
Sentiment: POSITIVE
Keywords: business news, technology, bitcoin/usd coin metrics, united states, cryptocurrency, breaking news: markets, ethereum/usd coin metrics, markets, digital currency,