About BTC’s Market Capitalization
BTC currently represents around $838 billion of the total crypto market capitalization, which is almost $1.7 trillion.
Its price experienced a 4.1% increase on Wednesday and reached $42,802 at 2:45 p.m. ET.
Gensler’s Comments on Spot Bitcoin Finds
Last month, Gensler refrained from commenting on the ongoing review process for spot bitcoin finds, stating that he didn’t want to make any premature judgments. He has previously described the agency’s review process as “time-tested.”
SEC’s Meetings with Potential Issuers
The SEC has been engaging in discussions with potential issuers in recent weeks, focusing on technical details regarding proposed redemption processes.
About the Author
Nathan Crooks is the U.S managing editor at The Block, based in Miami. He previously worked at Bloomberg News for 12 years and covered South Florida extensively. Nathan has interviewed prominent figures and covered significant news events such as earthquakes, hurricanes, and the Chilean mine rescue in 2018. He holds a bachelor’s degree from the University of Toronto and an MBA from American University in Washington, D.C.
Hot Take: BTC’s Dominance in the Crypto Market
BTC continues to hold a significant portion of the overall crypto market capitalization. With its recent price increase and market performance, it remains one of the key players in the industry. As regulatory authorities like the SEC engage in discussions and reviews, it will be interesting to see how this impacts BTC and its position within the market. Stay tuned for further updates on BTC’s dominance and the evolving regulatory landscape.
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