Crypto market update: BTC pushes over $46,000

A Spanish government agency has issued a warning about crypto exchanges Huobi and Bybit

According to Currency.com, bitcoin (BTC) ended yesterday on $45,917 after witnessing a 2.34% decrease over the course of the day. BTC now stands at $46,815.

The volume of BTC has dropped by 0.05% over the past 24 hours. The majority of the top 10 cryptos on CoinMarketCap are down today with BTC being 1.71% lower.

Ethereum (ETH) is down by 2.07% to $3,193 as well as Binance Coin (BNB) by 0.01% to $422.

The stablecoin tether (USDT) is up by 0.01% but still valued at $1. Ripple (XRP) is also down by 6.94% to $1.20, with dogecoin (DOGE) at $0.33 and down by 4.29%.

Cardano (ADA) is down by 2.31% to $2.06.

Spanish regulator issues warning on crypto exchanges  

The National Securities Market Commission (CNMV), the Spanish government agency responsible for the financial regulation of the securities market has issued a warning regarding crypto exchanges and other crypto-related businesses.

Two crypto exchanges named were Huobi and Bybit as they are unregistered users, while 10 other companies were named as well.

Biggest risers and fallers   

The biggest riser of the day was Audius (AUDIO) with a 93.65% increase to $3.15. CoinMarketCap describes AUDIO as “a decentralised music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetise, and stream any audio content”.

Coming in second was Avalanche (AVAX), rising by 25.15% to $24.30. AVAX developers “claim that Avalanche is the first smart contracts network to offer transaction finalisation in under one second as standard”.

The third biggest riser of the day was Terra (LUNA) increasing by 20.05% to $25.50. LUNA is “used to stabilise the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on governance proposals”.

The biggest drop of the day is FTX Token (FTT), which fell by 9.34% to $46.50. FTT is “the native cryptocurrency token of the crypto derivatives trading platform FTX that launched in 2019”.

The second biggest faller was Revain (REV) which has decreased by 5.61% to $0.01. REV is “an online platform for Ethereum blockchain-based tokens reviews, designed to allow developers to receive constructive feedback about their projects”.

The third biggest drop of the day was VeChain (VET), which fell by 5.56% to $0.12. VET is a “blockchain-powered supply chain platform. Began in 2015 and launched in June 2016, VeChain aims to use distributed governance and Internet of Things technology to create an ecosystem which solves some of the major problems with supply chain management.”

All prices correct as of 15.33 BST (UTC -1).

Bitcoin to US Dollar
Daily change
60680.1
Low: 58424.8
High: 60680.1

Further reading: Crypto market update: Cryptocurrency market cap breaks $2trn

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