Bitcoin (BTC) Aims Next Bull Run with Significant Cost Surge

  • Bitcoin cost rose by over 42% since the beginning of 2023. 
  • SEC Chair states everything apart from Bitcoin is really a security.

The world’s largest digital asset Bitcoin’s (BTC) chart signals eco-friendly after buying and selling for 5 days inside a red candle. Forever of 2023, the worldwide crypto market showing some positive recovery from the prolonged bear market. During the time of writing, the general market cap was $1.12 trillion, which elevated by around 1.5% from the day before. 

However, the cost of BTC is stable between 23K to 24K. The king of cryptocurrency surged over 42% since the beginning of 2023 and eightPercent in 2 days. Further, Bitcoin’s new addresses soared 43% from 312958 to 547420  between Jan 1 to February 26, 2023, and BTC short-term holders have elevated, which might drive the following bull go to the king. During the time of writing, Bitcoin traded at $23,533, rose around 1.5% within the last 24 hrs and it has an industry dominance of 42%. However, still, BTC is lower by 3% per week. 

Bitcoin (BTC) Cost Chart (Source: Tradingview)

SEC Chair Statement on Crypto Assets

The U.S Registration (SEC) Chair Gensler claimed inside a recent statement that “everything apart from Bitcoin is really a security”, according to New You are able to leading magazine. This statement may suggest the leading altcoin Ethereum (ETH) is really a ‘Security’. Also, he hinted other cryptocurrencies besides BTC have the safety characteristics and really should come under the SEC’s authority. 

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