Cryptocurrency market jumps to $1.9 trillion. Price of Bitcoin jumped 4.22% during the last 24 hours to reach $50,132.
The market value of the largest cryptocurrency in the world reached $984.26 billion. Despite its rise, Bitcoin is still far from its historic peak recorded in November 2021, when it recorded the level of $68,000 per unit at that time. Several countries have issued laws to combat virtual currencies, while 2023 witnessed the conviction of a number of heads of cryptocurrency platforms for “deception, fraud, and money laundering.