The top cryptocurrency grew in value after the SEC’s statement

The cryptocurrency market has seen an increase in the value of Bitcoin BTC $105,075.34 Bitcoin 0.71% Market capitalization $2.08 trillion VOL. 24 hours $3.34 billion , Ethereum ETH $3,317.30 Bridged Ether (StarkGate) 0.39% Market capitalization $0.3 billion VOL. 24 hours $1.34 billion and Dogecoin DOGE $0.14 Department Of Government Efficiency -3.97% Market capitalization $0.13 billion VOL. 24 hours $0.81 billion . Analysts noted the positive dynamics after the news of the US Securities and Exchange Commission’s (SEC) plans to introduce new rules for digital assets. Analysts believe that regulation can stimulate greater investor confidence in the market.

As a result, Bitcoin rose to $ 109,000, Ethereum reached $ 3,000, and Dogecoin grew by 5%. The crypto market activity is also boosted by the forecasts of a well-known trader who predicts Ethereum’s growth potential to $ 3,600 in the short term.

The SEC announced its intention to create clearer rules for the cryptocurrency sector. It is expected that the regulation will help minimize risks for investors and promote the introduction of cryptocurrencies at the institutional level.

«The emergence of clear regulations can significantly change the perception of the cryptocurrency market, attracting new players and stabilizing prices,» financial analyst Jane Smith comments.

The market remains optimistic, but experts warn that the planned regulatory measures may cause both support and criticism among market participants.