Bitcoin increases over $ 25,000, but the US regulatory examination becomes more intensive: Crypto review of this week

Bitcoin increases over $ 25,000, but the US regulatory examination becomes more intensive: Crypto review of this week

In the past seven days, Bitcoin's price has increased by a whopping 10 % to a few violent green candles that took place within a few days. This has brought the industry a lot of positive things, and the overall capitalization has also increased by around $ 100 billion.

At the time of writing this article, BTC is traded at around $ 24,000, but he managed to paint a new high of over $ 25,000 for the first time since summer 2022. This also had an impact on the entire market, as most of the old coins record massive profits. Ethereum rose by 8.3 %, ADA - 10.4 %, Matic - 20.3 %, OKB - 37.4 %, Sol - 11 %and so on.

For many, this also raised hope that the bear market is finally over and the next stop for BTC is $ 30,000. One of those who support this idea is none other than Mike Novogratz-former Wall Street Tycoon and Krypto Permaull.

However, the week was not without turbulence, especially on the regulatory front. The United States continues its offensive attitude, urge another large blockchain company into the corner and forced it to set certain services. The company in question is Paxos, which will hire the issue of Binance USD (BUSD) StableCoins on February 21.

In any case, the broader market increase has a positive impact outside the industry. Robinhood - the popular trading platform for retail - reported an increase in crypto -related trade volume by 95 %in January, which shows that interest in the industry is gradually returning.

It is very interesting to see how the market will develop in the next few weeks.

Market data

Market capitalization: $ 1152 billion | 24-hour band: $ 103 billion | BTC dominance: 40.4 %

Bitcoin:$ 24,136 (+10.7 %) |ETH:$ 1,674 (+8.3 %) |BNB: $ 311 (+1.8 %)

The crypto headlines this week that you are not allowed to miss

The risk capital provider Mike Novogratz predicts Bitcoin worth $ 30,000 in this quarter.The well-known Permall and crypto supporter Mike Novogratz has made another bold prediction about the price of Bitcoin. He believes that it will reach $ 30,000 by the end of next month.

The mysterious whales or why Bitcoin exploded by more than $ 2,000 in hours.A few mysterious whales have pumped money into the cryptocurrency market. This happened shortly before the latest prices explosion when Bitcoin reached a high seen since the summer of last year.

Why Bitcoin? Nigeria faces violent protests in the middle of cash shortage.The lack of available cash in Nigeria has led to violent protests, in which many were injured and some were even killed. Although it is tragic, the failure of the Nigerian payment system underlines the advantages of Bitcoin's censor -resistant infrastructure.

Here is when Paxos will set the character of Binance USD (BusD).Paxos-The blockchain infrastructure company based in the USA, which is known for the issue of a series of stable coins, including Busd, will stop the latter edition from February 21. This follows the increasing regulatory pressure.

Robinhood's crypto trade volume rose by 95 % in January.The popular Robinhood retail platform recorded a full increase in crypto trade volume in January. This is due to a considerable rally in which most cryptocurrencies have increased in two and three digits.

The reasons why Floki has increased by over 400 % monthly.The popular Memecoin Floki Inu (Floki), named after Elon Musk's dog, rose by 400 % last month. There are several reasons for this, so take a closer look at the most important ones.

Diagram

This week we have a chart analysis from Ethereum, Ripplecardano, Polygon (Matic) and OKB - click here for full price analysis.

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