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BTC & Altcoins Rebound, ORDI Soars 20%
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3 months agoon
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adminCryptocurrency Prices Today (September 3): The current market state has ignited considerable investor optimism globally. Bitcoin (BTC) price regained a pumping movement to trade above the $59K level, whereas Ethereum (ETH), Solana (SOL), and XRP gained roughly 3%-5% today. Simultaneously, the global crypto market cap rose 3.29% over the past day to $2.08 trillion. Also, the total crypto market volume jumped 3.44% over the past day to $57.03 billion.
Here’s a collection of some of the top cryptocurrencies by market cap and their price movements today, September 3.
Cryptocurrency Prices Today: Market Rebound Sparks Optimism
Following a waning movement witnessed recently, today’s price rebound comes as optimistic news for the broader market. Bitcoin topped $59K, while Ethereum traded above $2,500. Similarly, Solana and XRP prices reversed previous slumps.
Bitcoin Price Today
BTC price illustrated a nearly 3% increase in value over the past day and is currently trading at $59,156. The flagship crypto’s 24-hour lows and highs were $57,398.98 and $59,815.06, respectively.
This pumping movement primarily aligns with U.S. spot Bitcoin ETFs halting their outflow journey as of September 2, as the market was closed. Moreover, the futures OI rose 2.20% in the past 24 hours to $30.35 billion, aligning with the gaining movement.
It’s also worth mentioning that a smart whale was recorded bagging 1,100 BTC from Binance recently. This accumulation hints at bolstered movements for the cryptocurrency ahead.
Meanwhile, Bitcoin’s dominance stood at 56.30%, a 0.04% fall over the day. The crypto’s market cap was evaluated as $1.17 trillion.
Ethereum Price Today
Simultaneously, ETH price jumped 3% in the past 24 hours and is currently sitting at $2,519. The coin’s intraday lows and highs were $2,434.43 and $2,563.09, respectively.
Nonetheless, a recent ETH price analysis by CoinGape Media suggests that the second-largest crypto by market cap risks a 22% downside momentum. This is primarily attributable to rising exchange supply and death cross formation.
Also, ETH futures OI surged 2.5% to $10.65 billion, further falling in line with today’s price upswing.
Solana Price Today
The crypto SOL witnessed a nearly 5% pump in value to trade at $135 today. Solana’s intraday lows and highs were $127.27 and $137.14, respectively.
SOL’s futures OI jumped nearly 3% to reach $2.08 billion today. Solana’s market cap rested at $63.33 billion.
XRP Price Today
XRP price gained 3% over the day to trade at $0.5669. Its 24-hour lows and highs were $0.5455 and $0.5721, respectively. Despite massive XRP whale dumps recorded over the past day, the Ripple-backed cryptocurrency witnessed a price rebound today.
Meme Coins Prices Today
Simultaneously, Dogecoin (DOGE) price gained over 4% and is trading at $0.09959. Also, Shiba Inu (SHIB) price saw a 3% uptick in value and is sitting at $0.00001371.
Even PEPE, WIF & BONK Soared 5%-12% today, leading the meme coins sector gains.
Top Cryptocurrency Gainers Prices Today
ORDI
ORDI price’s intraday gains totaled a whopping 20% today. The token traded at $32, with 24-hour lows and highs being $26.17 and $32.41, respectively.
SATS
1000SATS price soared 14% over the past day to reach $0.0003108. The coin’s 24-hour lows and highs were $0.0002693 and $0.0003163, respectively.
Dogwifhat
WIF price pumped 14% in the past 24 hours and is currently trading at $1.61. Its intraday lows and highs were $1.39 and $1.63, respectively.
Top Cryptocurrency Losers Prices Today
The top losers list consisted of only two coins.
TRON
TRX price slipped 1% over the past day, defying the broader market trend. TRX rested at $0.1541, with its intraday lows and peaks at $0.1538 and $0.1569, respectively.
Immutable
IMX price waned 0.6% over the past day to trade at $1.27. Its intraday lows and highs were $1.24 and $1.29, respectively.
Besides, the hourly time frame charts sparked further speculations on the cryptocurrency prices today. BTC price slipped 0.27%, whereas ETH slipped 0.45%, piquing investor interest globally.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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“Crypto Dad” Chris Giancarlo Emerges Top For White House Crypto Czar Role
Published
2 hours agoon
November 22, 2024By
adminChris Giancarlo, widely known as “Crypto Dad,” has emerged as the leading candidate for a newly proposed role of crypto czar in the White House under President-elect Donald Trump’s administration. The potential appointment underscores a strategic effort to advance crypto regulations and foster blockchain innovation in the United States.
This proposed position would be the first of its kind in the White House, aiming to bring clarity to the growing $3 trillion digital asset market. Chris Giancarlo, the former Chair of the Commodity Futures Trading Commission (CFTC), is known for his progressive approach to digital currencies and blockchain technologies.
Chris Giancarlo Leads Race for White House Crypto Czar Role Under Donald Trump
According to a Fox Business report, Chris Giancarlo is the top contender for the position of White House crypto czar, a role being considered by the Trump transition team to streamline crypto regulations and foster blockchain development.
As CFTC Chair from 2017 to 2019, Chris Giancarlo oversaw critical advancements in the digital asset space. This includes the launch of the first Bitcoin futures. He later co-founded the Digital Dollar Project, a nonprofit initiative exploring the potential of a U.S. central bank digital currency (CBDC). Giancarlo’s regulatory expertise and understanding of digital innovation position him as a key figure in shaping the future of the crypto sector.
The Trump administration aims to utilize this position to address industry concerns over the Biden administration’s perceived heavy-handed enforcement. The crypto czar would also collaborate with federal agencies to establish a framework for the $180 billion stablecoin market and enhance the overall regulatory landscape for blockchain and digital currencies.
Trump’s Strategic Approach to Digital Asset Policy
President-elect Donald Trump has expressed plans to make the U.S. a global leader in cryptocurrency and blockchain innovation. Part of this strategy includes appointing a crypto czar to advance policies to support the industry’s growth.
Trump has also proposed the establishment of a presidential crypto advisory council to address ongoing regulatory challenges. This initiative aims to align federal policies with industry needs, fostering a competitive environment for blockchain businesses. The council will explore the creation of a Bitcoin reserve as part of the administration’s broader crypto policy agenda.
The transition comes as current SEC Chair Gary Gensler announced his resignation effective January 20, 2025, coinciding with Trump’s inauguration. Gensler faced criticism during his tenure for his enforcement-driven approach to crypto regulations.
Amid speculation, Chris Giancarlo clarified that he is not pursuing the SEC Chair role. Giancarlo said in a recent statement,
“I’ve already cleaned up earlier Gary Gensler mess at the CFTC and don’t want to have to do it again.”
His focus remains on advancing crypto-friendly policies through a potential new role. According to the report, the “Crypto Dad” stated,
“I would be honored to be considered for the role.”
The creation of the crypto czar position could mark a pivotal moment in the evolution of U.S. crypto policy. With Chris Giancarlo leading the race, the industry anticipates advancements in crypto regulations under the new administration.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Donald Trump Proposed Crypto Advisory Council To Set Up Strategic Bitcoin Reserve
Published
6 hours agoon
November 21, 2024By
adminDonald Trump plans to establish an advisory council to position the U.S. as a leader in the cryptocurrency space. The council will spearhead policy changes, coordinate with Congress on crypto legislation, and oversee the creation of a strategic Bitcoin reserve.
The advisory council will also operate under the White House’s National Economic Council or a similar executive body. Industry executives have revealed that the council will collaborate with federal agencies like the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Treasury to streamline regulatory frameworks for the crypto industry.
Donald Trump To Establish Bitcoin Reserve Amid Crypto Council Formation
According to a recent report, Donald Trump’s crypto advisory council will advise on digital asset policies and oversee the creation of a strategic Bitcoin reserve. The reserve aims to position Bitcoin as a core element of the United States’ economic strategy. This will enhance the nation’s leadership in the global crypto space.
The council will work with Congress to draft legislation and coordinate between agencies such as the SEC, CFTC, and Treasury. The initiative seeks to establish clear regulatory guidelines within the crypto sector. More so, the idea of a Bitcoin reserve reflects a commitment to integrating blockchain technology into national economic frameworks.
Additionally, the move comes amid rising discussions on why the United States should consider Bitcoin as part of its national reserves, particularly in light of countries like El Salvador and Bhutan already adopting it. Advocates like Anthony Pompliano stress the urgency for the U.S. to act to maintain its leadership in the evolving digital economy.
Industry Leaders Compete for Seats on Trump’s Crypto Council
Several players in the industry, including Ripple, Kraken, Coinbase, and Circle, are vying for a position on Donald Trump’s council. These companies aim to influence the administration’s approach to crypto regulation and advocate for pro-industry policies. Executives from Paradigm and Andreessen Horowitz’s crypto arm, a16z, are also expected to play key roles in shaping the council.
Ripple and Circle, represented by their executives, have already expressed interest in contributing to the council. Circle CEO Jeremy Allaire recently emphasized the importance of building a robust, crypto-friendly infrastructure under Trump’s administration. Industry leaders hope this council will bring an end to enforcement actions seen under the previous administration.
Most recently, Cardano founder Charles Hoskinson endorsed Coinbase CEO Brian Armstrong for the potential White House crypto role under Donald Trump’s administration. Hoskinson praised Armstrong’s neutrality and deep understanding of the crypto industry, emphasizing his ability to guide regulatory progress.
Meanwhile, this major push comes as the current SEC Chair, Gary Gensler, announced he is set to resign on January 20, 2025, coinciding with Donald Trump’s inauguration as U.S. President. Ripple’s CLO, Stuart Alderoty, emphasized the need for a new Chair who will establish clear rules for crypto.
Notably, former regulators, including Heath Tarbert, former CFTC Chair and now Circle’s chief legal officer, and Brian Quintenz, a16z’s head of policy, are reportedly advising Donald Trump’s transition team. These individuals bring extensive regulatory experience to the development of the Crypto Council and its proposed Bitcoin reserve.
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Gary Gensler To Step Down As US SEC Chair In January
Published
10 hours agoon
November 21, 2024By
adminIn a recent development, the US Securities and Exchange Commission (SEC) announced that Gary Gensler will step down from his position next year. This follows calls for Gensler to resign since Donald Trump won the US presidential elections.
Gary Gensler To Step Down As US SEC Chair
The US SEC announced in a press release that Gary Gensler will depart the Agency on January 20, 2025. The US SEC Chair also confirmed this development in an X post. Interestingly, this comes on the same day that Donald Trump will be inaugurated as the 47th president of the United States.
Following the announcement, Gensler also used the opportunity to reflect on his time at the Commission. He remarked that it has been an “honor of a lifetime” to serve alongside those at the SEC. He also thanked President Biden for the opportunity to serve in the position. Gensler has been the US SEC Chair since April 2021. During his time, he has spearheaded several litigations against the crypto industry.
This includes the long-running legal battle with Ripple, which Gensler took over from his predecessor Jay Clayton, which bordered on whether XRP was a security. Up till now, the Agency continues to reiterate this ‘digital asset securities’ claim.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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