#BitcoinHashRateSurge $BTC

Bitcoin maintained its upward trend, rising 1.2% to reach almost $100,000, trading at $99,487. Ethereum increased to $3,671 by 1%. There were mixed results for major altcoins. Experts foresee a bullish short squeeze above $101,000, but Bitcoin must overcome its resistance at $99,400 in order to achieve $100,000. At $3.52 trillion, the global cryptocurrency market capitalisation grew by 0.53%.

While allowing lenders to continue providing banking services to cryptocurrency companies, a U.S. bank regulator directed them to suspend direct participation in cryptocurrency activities in 2022 and 2023. Following Coinbase's lawsuit, the FDIC released records that show a cautious attitude to cryptocurrency despite scams and volatility without totally cutting off connections with the industry.