Bitcoin at $22,876.89; Ethereum up by 0.56% & meme coins increase
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Cryptocurrency prices today:Bitcoin at $22,876.89; Ethereum up by 0.56% & meme coins increase
Monday night saw further positive trading on the cryptocurrency market. Many cryptocurrencies were trading up, including Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). The most popular cryptocurrency today was BTC.
the overall cryptocurrency market was up 0.77 percent to $1.05 trillion. In all, trading volume increased by 6.96% to $53.53 billion.
BTC increased by 0.31% to $22,876.89. Trading volume in BTC decreased by 6.81% to $24.35 billion. The price of BTC fluctuated between gains and losses. In the past 24 hours, it fluctuated between $22,807 and $22,864. At the moment, BTC holds a 42.0% market share.
ETH was trading in the red; however, it eventually recovered and was trading in the green by Monday night. It increased by 0.77% to $1,636.86. It was ranging from $1,644 to $1,637. The volume of its trades fell by 2.94 percent. $6.92 billion was traded in ETH.
Dogecoin (DOGE) was up by 4.56 per cent to $0.08793. Its 24-hour trading volume was up by 105.79 per cent to $954.02 million.Shiba Inu (SHIB) was up by 0.13 per cent to $0.00001213.
The governor of New Hampshire released a report on blockchain.
The research urges New Hampshire to take action to create a solid legislative framework that will facilitate the development of blockchain technology and its applications in a secure manner.
Chris Sununu, the governor of New Hampshire, revealed that the commission he established last year to investigate digital assets and blockchain has published its findings.
According to the Commission on Cryptocurrencies and Digital Assets, there is uncertainty over the legal and regulatory status of cryptocurrencies and digital assets, which is impeding development and not offering enough protection for consumers and investors.
The commission recommended that New Hampshire establish a legal framework to support blockchain businesses and individuals. This framework should include legal recognition of decentralised autonomous organisations (DAOs), a system for resolving blockchain-related disputes within the state's court system, and encouragement for the banking department to give financial institutions clear instructions on how to handle digital assets.
Governor Sununu described the report as thorough and well-timed. He also mentioned that other governors in the US have been working to establish clear regulations for crypto and blockchain, such as in California, while New York Governor Kathy Hochul has supported a proposal to prohibit crypto mining operations that are not powered by 100 percent renewable energy.