Cryptocurrencies rallied more than 4 percent in the past 24 hours, shrugging of concerns of regulatory activism by the SEC and the CFTC in the U.S. Hopes that the recent banking crisis would goad the Fed to tone down its aggressive monetary policy provided bullish momentum to the digital assets market.
Cryptocurrencies dropped more than 2 percent in the past 24 hours amidst regulatory action on crypto giant Binance. In a fresh regulatory salvo on Monday, the Commodity Futures Trading Commission charged Binance and its founder Changpeng Zhao with wilful evasion of federal law and operating an illegal digital asset derivatives exchange.
Crypto markets declined in the past 24 hours even as Wall Street strengthened in response to an easing in the banking crisis.
Cryptocurrencies dropped more than a percent in the past 24 hours as markets wait eagerly for the outcome of the Fed's review due on Wednesday.
Bitcoin rallied more than 2 percent overnight to rise above the $28 level amidst a banking crisis that continues worrisome and lent the digital asset a safe haven appeal.