Markets in green! Bitcoin surpasses USD $24,000 and major altcoins recover on February 15
We open our price report for this February 15 highlighting the increase seen in the price of Bitcoin (BTC), the main digital currency which at this hour is trading at around USD $22,781 per unit, a figure that represents a 3.34% increase in the last 24 hours.
Although this increase is especially remarkable given the days of uncertainty that the market is going through this week, the data reflected in our CryptoMarkets section point out that the increase seen in the last hours had its most remarkable point as of 5:00am (New York time). It is from there that the price of Bitcoin increased in a space of three hours, going from USD $22,126 to USD $22,813 in a quite pronounced way.
Bitcoin's price fluctuations come in a particularly tense few days for the market in general, as US regulators have taken action against Paxos, a US issuer of stablecoins on account of the Binance USD token (BUSD). The New York Department of Financial Services (NYDFS) asked the company to stop issuing the said coin, while the Securities and Exchange Commission (SEC) has reportedly labeled the asset as an unregistered security.
The controversy also pointed yesterday against USD Coin (USDC), a stablecoin issued by the Circle team about which certain rumors of possible actions by the SEC arose. However, an executive of the company quickly denied the reports and assured that the cryptocurrency does not face any regulatory issues, reiterating that they work together with state agencies to ensure that the cryptocurrency complies with current laws.