Bitcoin prices today and the prices of 96 other cryptocurrencies rebounded, and Bitcoin prices alone surged as much as $2,000 over the last 24 hours.
The global cryptocurrency market recovered roughly $89 billion thanks to positive sentiment shared Tuesday by J. Christopher Giancarlo, the chair of the CFTC.
The markets had expected a much harsher stance from government agencies looking to expand their influence on the cryptocurrency markets.
Giancarlo, though, said yesterday that Bitcoin had an important function in the global markets.
“It’s important to remember that if there was no Bitcoin, there would be no blockchain,” he said during a hearing before the Senate Banking Committee.
In addition, the head of the U.S. Securities and Exchange Commission (SEC) said that the agency would reconsider Bitcoin ETFs if other industry rules are satisfied.
Below is a recap of the top cryptocurrency prices at 2:00 p.m. EST.
- Bitcoin: $8,207.27, +15.64%
- Ethereum: $836.31, +15.81%
- Ripple: $0.78, +9.08%
- Bitcoin Cash: $1,026.55, +13.92%
- Cardano: $0.35, +8.08
Now that we know all of today’s price movements, here’s what has been moving these cryptocurrencies…
Cryptocurrency News Today
The best performers from the top 50 largest cryptocurrencies by market capitalization today included Electroneum (up 42.155), Aeternity (up 35.22%), Nano (up 32.01%), 0x (up 26.79%), Lisk (up 26.41%), NEO (up 25.71%), Gas (up 24.55%), Bytecoin (up 23.35%), and Monero (up 22.69%).
Only one cryptocurrency from the top 50 was in the red today. It was Populous (down -1.21%).