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Cryptocurrency prices rose in today’s trading. Bitcoin, Ethereum, and Cardano are all higher, while Solana stock is marginally lower. The most famous in the world CryptocurrencyBitcoin, was above the $43,000 mark as the global cryptocurrency market was generally trading in the green.
Ether, the currency linked to the Ethereum blockchain and the second largest Cryptocurrency In terms of market capitalization, it also rose by 3.77 percent to $3,193.14. It fell to a six-month low in late January, but since then, ether, the token used on the Ethereum blockchain, has risen about 48 percent. While Binance Coin rose by about 0.7% to $424.
“Bitcoin and Ethereum prices are up slightly in the past 24 hours. BTC and ETH are trading above the $43,000 and $3,000 levels. BTC dominance is currently at 41 percent while the resistance is between $45,000 to $47,000, the support price remains low at $40,000.If buyers can make a decisive move above $40,000, BTC price could return to its peak at $69,000.According to the market cap, the top altcoins also achieved good growth after experiencing Back off yesterday,” said Idul Patel, CEO and co-founder, Mudrex.
CFTC chairman Rustin Behnam is pushing for his agency to play a leading role in regulating digital assets. He maintains that his agency is well-positioned to provide market protection for consumers and reduce risks in the space.
Behnam made his case for expanding the CFTC’s authority in a letter to the House and Senate Agriculture Committees on Tuesday. He emphasized that his agency is already following basic principles that are sufficiently helpful in overseeing a wide range of markets, and that the cryptocurrency market is no exception.
“The digital asset market, which is currently under direct supervision through government money transfer licenses, is unique, and presents several new issues for the CFTC, given our limited authority to monitor these volatile markets,” Behnam added.
In agreement with Behnam, FTX CEO Sam Bankman-Fried said he would prefer the CFTC’s help in providing more regulatory clarity, adding, “I’d like to see the CFTC play a more active role.”
Fast food giant McDonald’s appears to be making plans to become part of the metaverse, according to the company’s recent trademark applications.
The world’s largest restaurant chain has placed ten orders to offer virtual goods and drinks in the form of downloadable media files containing non-fungible tokens (NFTs). The Chicago-based company is gearing up to run a virtual restaurant featuring both real and virtual goods. McDonald’s also plans to stage several entertainment events, including concerts, in the metaverse, according to a trademark filing.
Here are the top 10 cryptocurrencies and their prices on February 10, 2022 (data from coinmarketcap.com at the time of publication of this article)
Bitcoin $43,746.49 or up 0.88% in the last 24 hours
Ethereum $3,193.14 or 3.77 Percent Gain in the Last 24 Hours
Cardano $1.17 or 1.08 percent gain in the last 24 hours
Earn $1.00 or 0.02 percent in the last 24 hours
Terra $55.84, or 0.58 percent loss, over the past 24 hours
XRP $0.8617, or 1.40 percent, in the last 24 hours
Solana $111.27, or a 0.42 percent loss, over the past 24 hours
Avalanche $81.59, or 4.24 percent gain in the last 24 hours
Binance $1.00 or 0.04 percent gain in the last 24 hours
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