On February 2nd, the cryptocurrency market has been dominated by green trading. The total value of all cryptocurrencies in the market increased by 5.30% to $110 million, while their trading volume increased by 65.02% in the past 24 hours, to an astonishing $71.45 billion.

Fancy the prospect of data encryption market

It's not just the login password, but today's u.s. stocks also reflect this, with Coinbase shares up 24% to $80. Earlier, after the Nasdaq super heavyweight stock index laid the groundwork for tonight's financial reporting web meeting, there were rumors that Nasdaq would release a proactive earnings report. Another factor contributing to the price increase is that a federal regional judge recently ruled to dismiss a lawsuit accusing the password exchange of selling dynamic passwords that qualify for unregistered securities.

On the other hand, the price of BTC (BTC) has been rising since the Federal Reserve announced its forecast to raise interest rates by 25 percent on Wednesday. As a result of the Fed's statement, the price of the flagship cryptocurrency climbed from $23050 to nearly $24000, while the price of the alternative currency, ETH, rose from $1560 to $1700.

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The outstanding performance of Coinbase

But the most attractive thing is that Coinbase is now far faster than summing up negative sentiment in stock prices in the past few weeks. According to a complaint filed in October 2021, nearly 80 per cent of Coinbase login password exchange-traded digital currencies meet the security definition outlined in federal law.

The civil indictment further alleges that Coinbase violates laws and regulations by selling tokens without making any proper application for registration. But in the end, the judge concluded that the complaint in the indictment was "completely different" from the provisions of Coinbase's privacy policy, which required that only the consumers of the exchange had the right to use the encrypted dynamic passwords of their trading data. After that, the judge ruled that there was no point in making any additional changes to the facts of the case, so he rejected it with prejudice.

The current situation is that the price of each share of Coinbase is about $81.21, while the price of BTC (BTC) has risen to $24028 at the time of composition. According to the login password sales tracking data released by CoinGape, this led to an increase of 3.89% in the past 24 hours, compared with a 3.88% increase in the previous seven days.