Crypto markets rose on Thursday, shrugging off the hostile regulatory posture from the U.S. government on digital currencies.

The cryptocurrency industry, still recovering from a brutal year of falling prices and a confidence crisis that resulted in the demise of some of the major participants in the market, has been hit by an increasingly aggressive attitude.

However, the market is putting up a fight as Bitcoin (BTC) surged 11% to $24,621 while Ethereum (ETH) went up by more than 8% to $1,687.48 in 24 hours.

While Dogetti (DETI), a new coin with huge potential according to analysts, launched its presale to an eager crowd.

Bitcoin and Ethereum see green lights again

Bitcoin's price on Thursday sat at its highest level since mid-August 2022, and the value of the entire cryptocurrency market rose over 8 percent to $1.11 trillion at the time of writing.

Ethereum also joined in the celebration, seeing its value shoot up over 8% to $1,687.48.

Last year, nearly $1.4 trillion was wiped off the crypto market after the turmoil that saw bankruptcies and failures of projects and companies. All that was topped off by the collapse of the major exchange, FTX.

The northward movement of these major coins, which tend to get hit the most by major economic or regulatory news, is a sign that the market is indeed on a rebound and that there is a growing trust for digital currencies despite their volatile nature.

Dogetti welcomes investors with a bonus code

Barely three days after the presale began, Dogetti announced a way for investors to earn even more. With the promo code WISEGUY25, users get an additional 25% in Dogetti (DETI) tokens on their purchases.

DETI is a decentralized token that focuses on mafia dogs. It is the self-proclaimed "dogfather" of meme currencies with an irresistible offer. Dogetti wants to give coin ownership and power to its expanding community. Its charitable nature is one of its distinctive characteristics.

Two percent of each transaction is saved in a charity wallet. Users are free to pick from a selection of charities when making a donation. Additionally, Dogetti intends to provide new NFTs that will interact with its token trading in the future. It can be exchanged for any ERC-20 token.

Who has bitten the regulatory bullet?

A number of enforcement proceedings have been launched recently by American regulators, led by the Securities and Exchange Commission, against some of the largest digital asset companies and their tokens.

On Monday, Paxos was instructed to stop creating new Binance USD (or BUSD) stablecoins in the New York State Department of Financial Services.

Since the beginning of the year, the SEC has taken legal action against trading firm Genesis and exchange Gemini for failing to register a cryptocurrency lending scheme as a security offering. Additionally, the regulator has ordered rival exchange Kraken to end a scheme that it claims provided customers with returns of more than 20%.

And recently, according to The Wall Street Journal, Binance, the world's largest crypto exchange, is preparing to pay fines to make up for past regulatory violations as U.S. regulators appear to be turning their eyes to them.

 In a nutshell

The fact that these main coins are making gains in uncertain times indicates that the market is actually recovering. Investors would be wise to buy now while prices are still low until the next bull cycle.

 For All Things Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_