Crypto Prices Today 9 May 2024: Bitcoin Still Sluggish

Posted by – The prices of Bitcoin and other top cryptocurrencies were observed to experience mixed movements on Thursday (9/5/2024). The majority of top ranking cryptocurrencies are still in the red zone.

Based on data from Coinmarketcap, the cryptocurrency with the largest market capitalization, Bitcoin (BTC), is still weakening. Bitcoin fell 2.30 percent in 24 hours, but still gained 5.14 percent on the week.

Currently, the price of Bitcoin is at USD 60,892 or the equivalent of IDR 978.5 million (assuming an exchange rate of IDR 16,070 per US dollar

Ethereum (ETH) is getting weaker. ETH fell 1.73 percent in the past day and 0.07 percent in the week. Thus, currently ETH is at the level of IDR 47.66 million per coin.

The next crypto, Binance coin (BNB) strengthened again. In the last 24 hours BNB fell 1.40 percent and 4.76 percent for the week. This makes BNB priced at IDR 9.42 million per coin.

Then Cardano (ADA) was back in the green zone. ADA strengthened 2.19 percent in the last 24 hours and 0.90 percent in the week. Thus, ADA is at the level of IDR 7,268 per coin.

Solana (SOL) is still sluggish. SOL fell 4.73 percent in one day, but still rose 6.08 percent in a week. Currently, the price of SOL is at the level of IDR 2.27 million per coin.

XRP was observed to still be in the red zone. XRP fell 1.68 percent in 24 hours, but still gained 0.24 percent on the week. In this way, XRP is now priced at IDR 8,292 per coin.

Meme coin Dogecoin (DOGE) is weakening again. In the last day DOGE fell 5.53 percent, but still gained 10.11 percent a week. This makes DOGE trade at IDR 2,289 per token.

Today’s crypto prices stablecoin Tether (USDT) and USD coin (USDC) both strengthened 0.01 percent. This means that the prices of both of them remain at the USD 1.00 level

Meanwhile, Binance USD (BUSD) strengthened 0.01 percent in the last 24 hours, leaving its price still at the USD 1.00 level.

The overall crypto market capitalization today is at USD 2.26 trillion or the equivalent of IDR 36,322 trillion.

SEC Will Take Action Against Crypto Exchange Robinhood Regarding Alleged Securities Violations
Previously, Robinhood, a popular trading platform, had received a Wells notice from the American Securities and Exchange Commission (SEC), which led to a 2.5% drop in its stock price during pre-market trading.

Wells’ notice is an official letter sent by the US securities regulator signaling the conclusion of its investigation, in this case, into United States (US)-based crypto business Robinhood.

The SEC has concluded preliminary provisions for the authorization of enforcement actions related to alleged security breaches.

The investigation follows Robinhood’s efforts to register with the US securities watchdog, as reported by Dan Gallagher, head of legal, compliance and corporate affairs at Robinhood Markets.

Gallagher expressed disappointment with the SEC’s decision, saying it followed years of good faith efforts to work with the SEC for regulatory clarity.

“This includes our well-known efforts to ‘sign in and register,’ we are disappointed that the agency decided to issue an SEC decision. Wells’ notice relates to our US crypto business,” said Gallagher, quoted from Yahoo Finance, Wednesday (8/5/2024).

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