Photo: Jose Cabezas (Reuters) Bitcoin is going through a topsy-turvy phase as Bitcoin halving is on the horizon. The top cryptocurrency jumped yesterday after learning that Hong Kong had approved spot Bitcoin ETFs, but it fell again soon after. The cryptocurrency continued its decline on Tuesday morning with an over 4% drop in a day
Illustration: Dado Ruvic (Reuters) The U.S. Securities and Exchange Commission (SEC) is considering whether to classify Ether, the second-largest cryptocurrency by market cap, as a security. Fortune reports that the financial watchdog has sent subpoenas to three companies as part of probe of the Ethereum Foundation, the ecosystem that works behind the Ethereum blockchain network.
From what it’s understood, BTC’s market capitalisation went past the $1.1 trillion mark, which was last recorded in 2021. As per market experts, this BTC development highlights the diminishing dependence of the crypto market on the equity market which has resulted in BTC bullishness in the past. Reportedly, on February 26, 2024, while BTC secured