After a week of turbulent, price Bitcoin There has been a rebound but risks are still waiting for this leading cryptocurrency.

Bitcoin price movements over the past few hours have maintained well above $ 9,850, while the situation of other cryptocurrencies has fluctuated slightly.

Bitcoin price movement over the past 24 hours
Bitcoin price movement over the past 24 hours

Today's bitcoin exchange rate (February 24) at 9.20am stands at $ 9,922, up 2.40% from the previous 24 hours.

On the market, there are 89/100 leading cryptocurrencies by market value appreciating compared to the previous 24 hours.

Overview of the cryptocurrency market
Overview of the cryptocurrency market

In the top 10, there were 9/10 currencies appreciated over the previous 24 hours.

Top 10 cryptocurrencies by market capitalization
Top 10 cryptocurrencies by market capitalization

The total market capitalization of cryptocurrencies at 9:20 am was recorded at $ 288.21 billion, an increase of $ 3.68 billion compared to the last 24 hours.

Total market capitalization of cryptocurrencies
Total market capitalization of cryptocurrencies

The 24-hour trading volume recovered to US $ 145.32 billion, an increase of US $ 15 billion compared to February 23.

The $ 45 million attack

Bitcoin cash became a topic of discussion after a major investor claimed he lost $ 30 million in bitcoin cash in a digital wallet attack.

In the deleted post on reddit on February 22, the investor, apparently the founder of Dreamhost Josh Jones, said the attack also took away 1,500 bitcoins, worth $ 14.4 million.

Dovey Wan, founding partner of Primitive Ventures, warns the influence will spread. Wan said hackers are splitting the stolen money to hide the source and make it easier to sell on the exchange.

'The Fed should create a digital dollar'

Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC) believes now is the time for the Federal Reserve to issue digital currencies.

READ  Bitcoin price today (January 20): Plummeted after surpassing $ 9,000 | Money Blog

Giancardo told Yahoo Finance's The Move program that the Federal Reserve must issue digital currencies to compete with China's central bank digital currency.

“When we talk about the dollar, we talk about the virtual world, to have the urgency in payment just like in the real world.”

He also stated his views on adjusting the legal framework to respond to the rapid change of digital currencies for financial institutions. “Everything is going to change horribly and our laws need to change with it like we have done in 90 years, now they need to innovate again,” he said.

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