Crypto King Mazhar
01/23 16:59

Bitcoin grabbed attention on Tuesday as its price surged during a volatile trading session, approaching its previous session’s record high. The rise followed a significant announcement from the US Securities and Exchange Commission (SEC), which unveiled plans to establish a task force dedicated to overhauling digital asset regulations.
The world’s largest cryptocurrency had earlier reached an all-time high of $109,071 on Monday, coinciding with Donald Trump’s inauguration as the self-proclaimed “cryptocurrency president.” Investors initially celebrated his pledges to support the cryptocurrency industry, but enthusiasm dimmed after cryptocurrency failed to appear in Trump’s first-day executive orders. Despite this, Bitcoin rose 3.8% on Tuesday, while Ethereum, the second-largest cryptocurrency by market capitalisation, gained 1.4%.
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