Major Cryptocurrency prices spike amid upcoming inflation data from the U.S.
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Cryptocurrency prices today: Bitcoin above $17,000 mark,ETH rise, other major cryptocurrencies also spike.
Despite the fact that the trading volume for practically all cryptocurrencies increased significantly today, the cryptocurrency market only slightly increased. With the biggest growth among dog-themed meme currencies, Dogecoin (DOGE) stole the show in the meme coin category.
The market capitalization of cryptocurrencies increased by around 0.97 percent to $847.8 billion, and their trading volume increased by 15.91 percent to $33.62 billion.
The lowest price for BTC was $16,899.39. BTC’s trading volume was up by 6.35 per cent at $17,592,817,746.For most of the morning of December 12, BTC was trading below the $17,000 mark, but at some time, BTC crossed over to trade above $17,000 and even more.
Ethereum’s (ETH) price rose 1.97 per cent to $1,269.44 in the last 24 hours
On December 13, ETH's price was just slightly up, but its trading volume had increased substantially. Similar to BTC, ETH also saw a rise in buying activity, which ultimately caused ETH's price to increase from $1,254 to $1,274 in under two hours.
Solana’s price was up by 1.08 per cent at $13.16 today.Dogecoin (DOGE) rose 2.58 per cent at $0.09007.Shiba Inu was down by 2.26% to $0.000008872.
Crypto billionaire Sam Bankman-Fried was arrested following the FTX bankruptcy.
Sam Bankman-Fried has been accused by the US Securities and Exchange Commission (SEC) of "orchestrating a conspiracy to mislead investors" in the defunct cryptocurrency exchange FTX.
On Monday, the former FTX CEO was taken into custody.According to SEC Chair Gary Gensler, Mr. Bankman-Fried constructed a "house of cards on a foundation of lies."
He continued by saying that the accusations of fraud served as a reminder to other platforms to adhere to US regulations.
The SEC reported that since 2019, FTX, domiciled in the Bahamas, had raised more than $1.8 billion (£1.46 billion) from equity investors, including roughly $1.1 billion from nearly 90 US-based investors.
While promoting FTX as a "secure, responsible crypto asset trading platform," it is alleged that Mr. Bankman-Fried really "orchestrated a years-long deception" to hide from FTX's investors the diverting of FTX customers' cash to Alameda Research LLC, his privately-held crypto hedge fund.
The SEC claims that he disguised Alameda's significant holdings of inflated FTX-affiliated coins, which exposed FTX to exposure.