Ex-SEC Chair Gary Gensler Says Bitcoin Driven By Sentiment, Not Fundamentals

Former SEC Chair Gary Gensler stated on Wednesday that Bitcoin (CRYPTO: BTC BTC - $108657.470 is driven almost entirely by sentiment rather than fundamentals. Reflecting on the cryptocurrency market, Gensler cautioned investors about the risks associated with assets lacking solid economic grounding, contrasting Bitcoin with thousands of other tokens.

Source: benzinga.com

Related symbols: BTCUSD

2025-04-17 11:39:01 GMT.

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Price & Market Data

Price: $108657.470

Volume 24h: $55,477,319,573.01

Market Cap: $2,158,937,657,774.05

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,869,178. The last known price of Bitcoin is 108,888.38125197 USD and is up 0.20 over the last 24 hours. It is currently trading on 12185 active market(s) with $60,226,307,122.93 traded over the last 24 hours. More information can be found at https://bitcoin.org/.