Cross currencies rise, bitcoin mining costs, SEC chair rises to clear encryption regulations: This week in Crypto – Grayscale Bitcoin Mini Trust (BTC) common units of useless useless interest (Arca: BTC)

Last week was the rolling ship for the cryptocurrency market. Major cryptocurrencies Bitcoin BTC/USDand ethereum Eth/USDand Xrp XRP/USDAnd Dokwin Dog/Dollar He suffered from a significant height, hinting to a potential upward momentum. Meanwhile, bitcoin mining costs witnessed a sharp increase, causing anxiety among miners. In the midst of these developments, calls for clear regulatory rules were submitted by the CEC chair, Paul Atkins. Here is a detailed look at these stories.

Bitcoin, Ethereum, XRP, Dogecoin

Crack markets are traded higher during the weekend, as whales continue to accumulate. This activity can nourish momentum ascending in the market.

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Bitcoin climbs 12 % a week

Bitcoin witnessed a 12 % increase during the week, following a familiar pattern of the encryption cycle in improving feelings and converting macro signals. Encryption Alex Cisi I noticed the periodic nature of the market, which often takes some bullish headlines and a daily green candle to mutitize.

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Bitcoin mining costs jump to $ 137,000 per currency

Bitcoin mining expenses increased sharply in the last quarter of 2024, as Coinshares informed that the average total cost of bitcoin production, including non -cash elements, rose to $ 137,018. This number includes consumption and stock -based compensation, providing a more comprehensive look at the financial stress facing miners despite the strength in the price of the Bitcoin market.

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SEC chair calls for clear encryption regulations

The new ATKINS new president pointed to a more friendly approach to the cryptocurrency during his term, highlighting the need for a clear organizational policy to help the industry prosperity in Attins in the United States, stressed the importance of Blockchain technology in updating the financial system, predicting it to enhance efficiency, reduce costs, increase transparency, and restore risks.

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Senator buys more Bitcoin ETF shares

Senator David McCromic (R-PA) Active shares were purchased in Bitcoin Bitb Bitb and may have benefited from the low price of Bitcoin during the month of March before the last return to the level of 95,000 dollars. Bitcoin is now 375,000 dollars to $ 850,000 since February.

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Compliment image: Shutterstock

This story was created using Benzinga Neuro And editing it Ronak Jain