The price of bitcoin on Friday, June 16, is about $25,000. And the capitalization of the first cryptocurrency reaches $ 484 billion. This is the highest percentage in 20 months.<br
BTC dominance rose to 45.8% for the first time since before last October, Coingecko writes. This indicates that investors are more cautious about other cryptocurrencies.
The U.S. Securities and Exchange Commission (SEC) in lawsuits against crypto-giants Binance and Coinbase last week found many tokens to be unregistered securities. In contrast, the U.S. authorities treat bitcoin as a commodity, thus helping it to survive the crisis caused by the SEC’s attention to altcoins like BNB Binance, ADA Cardano and SOL Solana, Bloomberg writes.
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“Traders tend to keep their money away from altcoins right now,” explains analyst Michael Safai of Dexterity Capital.
Recently, after a new recalculation of the complexity of bitcoin mining, the figure reached 52.35 trillion hashes. This was a new historical record. The average hash rate on the Bitcoin network also reached record highs of 374.4 Eh/s;
Meanwhile, exchanges Coinbase and Binance lost about $4 billion in less than a week, Nansen and Glassnode said. To be precise, trading floors lost $3.1 billion in ethers and $864 million in bitcoins.