Jumat, 21 Februari 2025

Bitcoin surges to $99K as Coinbase defeats Gensler’s SEC lawsuit pending Commission approval

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Bitcoin surges to $99K as Coinbase defeats Gensler’s SEC lawsuit pending Commission approval

Coinbase's settlement with SEC sets precedent in crypto regulation, sparking debate and potential legislative clarification.

CryptoSlate

Feb 21

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Happy Friday!

Bitcoin has reached a remarkable $99,000 following Coinbase's significant legal victory against the SEC, a development that could reshape the landscape of cryptocurrency regulation. This settlement not only alleviates a major legal burden for Coinbase but also sets a precedent that may encourage further legislative clarity in the crypto space. Meanwhile, the Pi Network experienced a volatile response to its open mainnet launch, with its token value plummeting over 50% after an initial surge. In tech advancements, Microsoft’s new quantum chip raises concerns about potential threats to Bitcoin, though current assessments suggest the cryptocurrency remains secure for now. Additionally, Sam Bankman-Fried is seeking clemency while expressing frustrations with the Biden administration's crypto policies, revealing a surprising shift in his political allegiance. Stay tuned for more insights on these developments below!

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The global crypto market cap is $3.25 trillion, with a 24-hour volume of $114.82 billion. The price of Bitcoin is $98,619.52, and BTC market dominance is 60.2%. The price of Ethereum is $2,756.97, and ETH market dominance is 10.3%. The best-performing sector is Communication, which gained 28%. The Crypto Fear & Greed Index is currently Neutral (55).