Crypto Moves — Bitcoin and Ethereum rise; Crypto scam losses top $1bn

RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Monday, rising by 4.90 percent to $31,188.36 as of 8:00 a.m. Riyadh time.

Ethereum, the second most traded cryptocurrency, was priced at $1,880.47 up by 4.01 percent, according to data from Coindesk.

Losses from crypto scams top $1 billion since 2021

More than 46,000 people have reported losing over $1 billion in crypto to scams since the start of 2021, according to the latest FTC Consumer Protection Data Spotlight.