Cryptocurrencies in September 2024

⚫ The price of the flagship cryptocurrency, Bitcoin (BTC), on the morning of September 25, 2024, was $63,900, failing to stay above the $64,000 mark. The market capitalization of the asset is $1.26 trillion. Ethereum (ETH) reached a four-week high of $2,700. Economic stimulus from China amounting to $140 billion raised the Bitcoin price forecast to $78,000.

⚫ Meanwhile, regulators continue to focus on the cryptocurrency market. SEC Commissioner Hester Peirce criticized her organization for creating barriers to the development of blockchain technology and the implementation of innovations. TrueCoin LLC and TrustToken Inc. received complaints from the regulator for fraudulent and unregistered sales of investment contracts related to TrueUSD. After reports of a potential data breach from the exchange, Binance’s management denied these claims.