In the past 12 hours, the cryptocurrency market has experienced significant developments. Bitcoin’s price saw a modest increase, trading around $71,000, driven by a general risk-on sentiment in broader financial markets. This movement was supported by positive signals from the U.S. Federal Reserve regarding economic conditions .

Additionally, Binance Coin (BNB) surged by approximately 4.5%, hitting new highs. This rise was influenced by a dip in U.S. bond yields, which spurred investors to seek alternative investments like cryptocurrencies .

In regulatory news, the U.S. Securities and Exchange Commission (SEC) continues its stringent stance on the crypto industry, which remains a significant point of contention .

On the adoption front, Adelaide Oval in Australia has started accepting cryptocurrencies for purchases, showcasing increasing mainstream acceptance . Overall, the market remains volatile but shows positive trends amidst regulatory challenges and broader economic factors.