Cryptocurrency Market Sees Modest Gains Amid Regulatory Changes
- Bitcoin price rose above $98,000, gaining 1.2% in 24 hours.
- The CoinDesk 20 Index increased by 1.35%.
- The U.S. SEC transitioned its crypto enforcement unit to the Cyber and Emerging Technologies Unit.
- Open interest on centralized exchanges for BTC grew nearly 5% to $37.3 billion in the past day.
- Short liquidations in futures markets totaled approximately $110 million over the same period.
The cryptocurrency market experienced moderate gains following regulatory shifts by the U.S. SEC and positive comments from Atlanta Fed President Raphael Bostic, with Bitcoin surpassing $98,000 and open interest on exchanges rising significantly.
Source (2.6)https://www.coindesk.com/daybook-us/2025/02/21/crypto-daybook-americas-ye-adds-to-memecoin-turmoil-as-broader-market-languishes?rand=52298
