In addition to the ongoing battle between bulls and bears in the cryptocurrency market, there is also an international struggle unfolding. The price of Bitcoin continues to fluctuate, and as of the time of writing, it had started to hover above $71,000 again. According to recent news, the US and the UK have initiated a major investigation. But what is the subject of this investigation?
The US and UK’s Investigation
According to the announcement, the US and the UK have started an investigation concerning $20 billion worth of cryptocurrency transactions transferred to Garantex, a Russia-based crypto exchange.
Cryptocurrency transactions carried out for international political reasons can be noteworthy. The transaction to the Russia-based exchange due to the Ukraine-Russia war seems to have caught the attention of the US and the UK.
The initial statement indicates that the transferred $20 billion in cryptocurrency was conducted in USDT transactions. More importantly, these transactions appear to have been carried out after Garantex exchange was sanctioned by the US and other countries in 2022.
What actions will be taken regarding this issue in the future is already a matter of curiosity.
What is the Current Price of 1 Bitcoin?
In addition to all this, today’s focus was on Bitcoin. Following statements made by Blackrock CEO Larry Fink last night, the market began to move, and this morning there was a noticeable price increase.
As of the time of writing, the BTC price continues to move at the $71,000 level. Currently, BTC is being bought at $70,913. On the other hand, the market cap of BTC has also increased by 1%, reaching a level of $1.39 trillion and is back to nearing $1.4 trillion.
Additionally, there has been an increase in Bitcoin’s 24-hour trading volume. After an 18% rise, the 24-hour volume stood at $42.2 billion. This suggests that investor interest has been growing since last night and Bitcoin trading activities have intensified.
