{"id":14770,"date":"2025-02-10T06:53:16","date_gmt":"2025-02-10T06:53:16","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/02\/10\/crypto-market-recap-cftc-to-hold-crypto-industry-forum\/"},"modified":"2025-02-10T06:53:16","modified_gmt":"2025-02-10T06:53:16","slug":"crypto-market-recap-cftc-to-hold-crypto-industry-forum","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/02\/10\/crypto-market-recap-cftc-to-hold-crypto-industry-forum\/","title":{"rendered":"Crypto Market Recap: CFTC to Hold Crypto Industry Forum"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Friday (February 7) as of 9:00 p.m. UTC.<\/strong><\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

Bitcoin is trading at US$96,087, recording a 0.4 percent decrease over 24 hours as of the market\u2019s close on Friday. The day\u2019s trading range saw a high of US$100,097 and a low of US$95,746.<\/p>\n

Meanwhile, Ether is priced at US$2,595.45, marking a decline of 3.7 percent over 24 hours. The cryptocurrency reached an intraday high of US$2,794.36 and a low of US$2,590.32.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n

SOL<\/strong> is currently valued at US$189.99, 1 percent lower over 24 hours, after hitting a daily high of US$202.86 and a low of US$189.95 as the markets closed for the weekend.<\/p>\n

XRP<\/strong> rose to US$2.38 at the end of the trading day, marking a 2.2 percent increase. The cryptocurrency reached an intraday high of US$2.53 and a low of US$2.36.<\/p>\n

SUI<\/strong> is trading at US$2.97, near its lowest valuation of the day and a 6 percent decline. It achieved a daily high of US$3.37 and a low of US$2.96.<\/p>\n

Finally, ADA<\/strong> is down, priced at US$0.7041, reflecting a 0.6 percent decrease over 24 hours. Its highest price on Friday was US$0.7485 at the opening bell and its lowest was US$0.6994.<\/p>\n<\/div>\n

\n

Crypto news to know <\/h3>\n

Acting Commodity Futures Trading Commission (CFTC) Chair Caroline Pham announced a forum where crypto CEOs from companies including Coinbase, Circle and Ripple can provide input on an upcoming digital asset pilot program. <\/p>\n

Earlier this week, Pham said the CFTC will be dividing its task force into two main groups and will be \u201cending regulation by enforcement,\u201d turning its attention to fraud and consumer protections instead.<\/p>\n

Elsewhere, a US federal judge has decreed that Coinbase will be required to face allegations brought to it by the US Securities and Exchange Commission (SEC) in June 2023, rejecting the crypto exchange\u2019s argument that it does not meet the criteria of a statutory seller. According to Reuters, US District Judge Paul Engelmayer said, \u201ccustomers on Coinbase transact solely with Coinbase itself,\u201d effectively concluding that Coinbase is a seller.<\/p>\n

The SEC has also requested more time to reach a final decision regarding an application by Nasdaq\u2019s International Securities Exchange to list options contracts for BlackRock\u2019s iShares Ethereum Trust (ETHA). <\/p>\n

The decision is now due in April of this year.<\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s a quick recap of the crypto landscape for Friday (February 7) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update Bitcoin is trading at US$96,087, recording a 0.4 percent decrease over 24 hours as of the market\u2019s close on Friday. The day\u2019s trading range saw a high of US$100,097 and a low of […]<\/p>\n","protected":false},"author":0,"featured_media":14771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/14770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=14770"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/14770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/14771"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=14770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=14770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=14770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}