Bitcoin (BTC) is up 10% in the last 24 hours to continue its recovery following a crypto crash at the start of the week.
At the time of writing (7am), the pioneering digital coin is approaching $37,000 after dropping below $33,000 by Tuesday morning. It remains 5% down on this time last Thursday.
The recovery continues as Hester Peirce, one of five commissioners at US financial regulator Securities and Exchange Commission, defended cryptocurrencies against her colleagues’ attempts to regulate them in the same way as other financial assets.
She told the Financial Times: “I am concerned that the initial reaction of a regulator is always to say ‘I want to grab hold of this and make it like the ma
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