Today, the cryptocurrency market is experiencing significant price increases following the appointment of Paul Atkins as the new SEC Chairman. Bitcoin and leading altcoins have shown notable gains.
Bitcoin's Sharp Rise
Bitcoin's price surged by 5.5% today, reaching $94,000. This occurred after Paul Atkins was sworn in as the 34th SEC Chairman. At the time of writing, Bitcoin’s price was around $93,531, up 5.61% over the last 24 hours.
Altcoin Prices Rise as Well
Amidst Bitcoin’s gains, altcoins have also seen a notable increase. ETH surged 10%, reaching $1,816, XRP rose by 8% to $2,296, and SOL climbed over $150 with a 9% increase. Other leading altcoins, including ADA, AVAX, LINK, and DOGE, spiked over 10%.
General Trends in the Crypto Market
The total cryptocurrency market cap today sits at $2.93 trillion, up by 5.89%. The 24-hour trading volume reached $139.24 billion. Among the top gaining tokens, DEEP token leads with a 75% increase in just one day.
Today's fluctuations in the cryptocurrency market highlight a renewed interest from investors. The appointment of the new SEC chairman may play a significant role in the market's future dynamics.
