Major coins traded mixed on Monday evening as uncertainty surrounding the regulatory landscape continued to grip the cryptocurrency market.

What happened: Bitcoin is still up 80% from where it started 2023. This surge follows a turbulent year that saw numerous prominent companies go bankrupt, causing risk-averse investors to flee the cryptocurrency markets.

Dogecoin is up 1%, holding its ground in the green amid the red zones of several other cryptocurrencies. The Dogecoin community is buzzing with excitement as the highly anticipated SpaceX “Starship” prepares for its grand launch.

At the time of writing, the global crypto market cap was $1.25 trillion, down over 1.51% from the last day.

US stocks got off to a positive start to the week as traders scrutinized the latest corporate earnings reports and searched for key insights into the overall health of American companies. The S&P 500 was up 0.33%, accompanied by a 0.28% gain in the Nasdaq Composite.

See more: Best Crypto Day Trading Strategies

News Highlights: Bittrexthe Seattle-based cryptocurrency exchange, has responded to a lawsuit filed by the Securities and Exchange Commissionor SEC blaming the exchange to operate as unregistered securities Stock exchange, brokerage and clearing house.

Analyst Notes: Edward MoyaSenior Market Analyst at OANDA, said: “Cryptos are losing some of their appeal as risks of banking turmoil appear to be disappearing. Fed lending to banks continues to fall and earnings did not reveal any major strains from the first few banks to report. Also dampening the appeal for crypto is the surge behind US Treasury yields, which dampens the appeal for most risky assets. It looks like the “once and for all” calls for the Fed are a bit too optimistic and the Fed’s risks are over…