Crypto Market – February 20, 2023

Monday’s cryptocurrency market activity was mixed. Bitcoin, Ethereum, and XRP traded with losses, whereas Solana, Shiba Inu, and Cardano traded with gains.

The Hong Kong SFC has proposed guidelines for cryptocurrency trading platforms. The government wants to know what people think about whether licensed platforms should serve retail investors and how to protect consumers. Hong Kong officials are increasing crypto sector oversight due to rising crypto trading activity.

Bitcoin is trading at $24,823.60 USD with a 24-hour volume of $30,651,495,427 USD. Bitcoin gained 1.37% overnight.

The worldwide cryptocurrency market valuation is $1.18 trillion, down 0.85% in 24 hours and -35.7% year-over-year. Bitcoin has a market valuation of $478 billion, or 40.53% of the total. Stablecoins’ market value is $137 billion, or 11.61% of the crypto market.

Latest movers:

• Bitcoin $24,855.00 +1.30%
• Ethereum $1,694.63 +0.64%
• BNB $313.59 +0.32%
• XRP $0.400002 +2.75%
• Cardano $0.405137 +0.58%
• Polygon $1.46 -2.59%
• Dogecoin $0.087831 +0.84%
• Solana $25.69 +6.19%
• Avalanche $20.87 +6.32%
• Cosmos Hub $14.51 +2.36%