Leading coins jogged while stocks sank on Thursday as the Securities and Exchange Commission scaled back cryptocurrency oversight.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.63% | $98,192.29 |
| Ethereum (CRYPTO: ETH) |
+0.43% | $2,734.93 |
| Dogecoin (CRYPTO: DOGE) | -0.68% | $0.2536 |
What Happened: Bitcoin rose above $98,000 for the first time in a week, clocking an intraday high of $98,767.19.
Ethereum, meanwhile, oscillated in the $2,700 zone, hitting a peak of $2,770.03 for the day.
The market reacted to the SEC relaxing its enforcement approach, replacing its cryptocurrency oversight unit with a smaller cyber fraud unit.
Cryptocurrency liquidations reached $249.79 million in the last 24 hours, with $171 in short positions getting wiped out.
Bitcoin’s Open interest surged by 4.25%. Interestingly, the number of traders shorting the apex cryptocurrency was higher than those betting on its increase, according to the Long/Short ratio.
Meanwhile, …
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