- Bitcoin (BTC) was trading at $80,450, up about 5% from a day earlier.
- Near Protocol (NEAR) jumped 31.11%, while Arbitrum (ARB) rose 29.84%, Uniswap (UNI) gained 25.12%, and Aptos (APT) advanced 20.76%.
- Expectations are rising for wider use of related blockchain infrastructure after the U.S. Securities and Exchange Commission (SEC) moved to ease regulation for digital assets and announced a plan to allow tokenized stock trading.
Forecast Trend Report by Period
Bitcoin, the leading digital asset, continued to rally. Altcoins also extended their gains as easing moves by the U.S. Securities and Exchange Commission bolstered sentiment.
As of 10:51 p.m. on September 18, Bitcoin was trading at $80,450 on Binance, up about 5% from a day earlier.
Altcoins posted even stronger percentage gains. According to CoinMarketCap, Near Protocol (NEAR) jumped 31.11% from a day earlier. Over the same period, Arbitrum (ARB) climbed 29.84%, Uniswap (UNI) gained 25.12%, and Aptos (APT) rose 20.76%.
Ether.fi (ETHFI) advanced 18.26%, while Jupiter (JUP) and Injective (INJ) rose 17.40% and 17.29%, respectively.
The altcoin rally appears to reflect improving investor sentiment as the SEC has recently stepped up efforts to overhaul digital-asset regulation.
The SEC on September 17 announced an “innovation exemption” plan to temporarily allow tokenized stock trading for the next five years. The move has raised expectations that if tokenized stock trading expands, use of the related blockchain infrastructure that supports it will increase as well.