Bitcoin, Ether, Solana, other crypto prices continue to trade higher. Check the latest prices
Bitcoin price rallied today to continue trading above the $19,000 level. The world’s largest and most popular cryptocurrency traded more than one percent higher at $19,408. The global market cap for crypto today was back below $1 trillion, as it rose over one percent in the past 24 hours to $1.03 trillion, according to CoinGecko.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also rose around one percent to $1,641. Ethereum is moving to proof-of-stake for its consensus protocol. The last upgrade to the Ethereum network, known as Bellatrix, was activated on September 6, 2022. The next step after Bellarix will be the Paris upgrade, which will start up the miners to complete the merger. That upgrade will happen next week.
Meanwhile, the dogecoin price today traded over one percent higher at $0.06, while Shiba Inu rose marginally to $0.000012. The performance of other crypto prices today also improved as Chainlink, Apecoin, XRP, Uniswap, Binance USD, Polkadot, Tether, Litecoin, Avalance, Solana, Cardano, Stellar, Tron, Polygon prices traded higher in the last 24 hours.
Companies that help facilitate transactions in the cryptocurrency market should register with the US Securities and Exchange Commission (SEC) just like other market intermediaries, the agency’s head said Thursday.
Gary Gensler said crypto market intermediaries provide a variety of functions regulated by the SEC, including operating as an exchange, broker-dealer, clearing agent and custodian, and should be registered accordingly, Reuters reported.
In other news, Bitcoin mining revenues have fallen to their lowest in about two years as competition increases while prices drop and energy costs rise. The hash price index, which indicates the mining revenue value per unit of computing power, fell to around 7.7 cents for each terahash, the lowest since September 2020, according to data from crypto mining services company Luxor Technologies.
Bitcoin miners use powerful computers to compete to be the first to come up with a solution to validate transactions encrypted by the Bitcoin network and win a reward in the form of newly minted tokens. However, such rewards are limited, and the more competition there is on the network, the less rewards each miner will receive.
(With input from agencies)
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