Bitcoin, Ethereum, Dogecoin Stagnant Amid Dollar’s Unnerving Rise — Analyst Tells Investors ‘Just Survive This Month’ And Then Things Will Be Fine
Benzinga – by Shivdeep Dhaliwal, Benzinga Editor.
Bitcoin, Ethereum and Dogecoin were seen largely flat on Tuesday evening as the global cryptocurrency market cap inched up 0.4% to $1.04 trillion at the time of publishing.
| Cryptocurrency | Gains +/- | Price (Recorded 10:28 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.12% | $25,761.27 |
| Ethereum (CRYPTO: ETH) | +0.05% | $1,635.75 |
| Dogecoin (CRYPTO: DOGE) | -0.93% | $0.06 |
What Happened: The cryptocurrency news landscape on Tuesday was largely dominated by The Financial Accounting Standards Board (FASB) reaching a unanimous decision to endorse regulations for the accounting of fair values associated with companies’ cryptocurrency holdings. These regulations are scheduled to become effective in the year 2025.
Christmas came early for @saylor $MSTR and other companies with Bitcoin on their balance sheets!
FASB is moving to fair value reporting for Bitcoin holdings
