Why Is Crypto Up Today?
The crypto market capitalization is up 4% over the past 24 hours. At the time of writing, it stands at $2.544 trillion, according to CoinGecko. Most of the top 100 coins by market capitalization have appreciated in the past day.
At the same time, all top ten coins are green, according to CoinGecko. Dogecoin (DOGE) has seen the highest increase. It’s up nearly 20% to $0.1622.
Cardano (ADA) follows with a price rise of 8% to $0.7806.Meanwhile, Bitcoin (BTC) has risen 5.3%, reaching $65,034. At the same time, Ethereum (ETH)appreciated by 2.7% to $3,496. BNB increased the least: 1.6% to $419. The remaining coins all appreciated between 1% and 4%.
As reported earlier today, BTC surged past the $65,000 milestone, heading towards its previous record of $69,000 hit in November 2021.
Also, the newly listed BlackRock iShares Bitcoin exchange-traded funds (ETF) overtook the iShares Silver Trust, reaching $10 billion in assets under management (AUM).
Meanwhile, in a landmark decision, a US court determined that trading certain cryptos on secondary markets, including platforms such as Coinbase, are securities transactions.
Singapore-based crypto analysts believe they have discovered a money-laundering “meta-organization.”
A regional security intelligence officer who wanted to stay anonymous claimed they uncovered a money-laundering network linking Southeast Asia’s scam industry to a web of criminal activity, including ransomware attacks by the infamous Lazarus Group.
Myanmar-based fraudsters, North Korean hackers, alleged financiers of Hamas, and many more are using this organization to move their illicit assets through the blockchain, according to the South China Morning Post.
The security expert said that,
“It is no exaggeration that they
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