Cryptocurrency comes storming back after a blockbuster regulatory hearing on Capitol Hill

Cryptocurrency comes storming back after a blockbuster regulatory hearing on Capitol Hill

Bitcoin picked up more than 12% in afternoon trading, and the cryptocurrency market added $40 billion in value. Lawmakers pressed the two top financial regulators during a morning hearing on cryptocurrency — and now the market for digital currency is storming back. At the time of writing, the coin was trading up 12% against the US dollar at $7,756 — a more than $1,700 increase from its daily low set early Tuesday morning.

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Source:: https://finance.yahoo.com/news/cryptocurrency-comes-storming-back-blockbuster-221539011.html