With the recovery of market risk appetite and investors considering the regulatory issues facing cryptocurrencies, Bitcoin climbed to a one-week high.
In the early trading in London, the digital token rose by 7% and the transaction price exceeded $50,000. On Tuesday, prices fell 2.9% after Gary Gensler, chairman of the Securities and Exchange Commission, said that ensuring that the crypto market is free from fraud and manipulation is a challenge for the agency.
![Bitcoin still falls short of the record set last month](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iXmbUNHeFLZU/v2/pidjEfPlU1<div class="e3lan e3lan-in-post1"><script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
<!-- Text_Display_Ad -->
<ins class="adsbygoogle"
style="display:block"
data-ad-client="ca-pub-7542518979287585"
data-ad-slot="2196042218"
data-ad-format="auto"></ins>
<script>
(adsbygoogle = window.adsbygoogle || []).push({});
</script></div>QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/-1x-1.png)
Gensler served as chairman of the Commodity Futures Trading Commission during the Obama administration and has always been considered a staunch supporter of digital assets.He served as a senior consultant MIT Media Lab Digital Currency Initiative organizes and teaches knowledge about blockchain technology and digital currency.
John Wu, president of the blockchain technology company Ava Labs, said: “Although the Bitcoin market reacted quickly to his comments, Gensler has a positive attitude towards Bitcoin and cryptocurrencies.” Innovation in currency and digital assets, not stifling innovation.”
Source link
