- October 1, 2021
- Posted by: Stratford Team
- Category: Business
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Bitcoin was trading 4.05% higher on Friday morning.
The price was just above $45,000 per coin, while rivals Ethereum and Dogecoin were trading around $3,119 (+4.59%) and 20.6 cents (+2.61%) per coin, respectively, according to Coindesk.
ELON MUSK SAYS CRYPTOCURRENCY REGULATORS SHOULD ‘DO NOTHING’ AND ‘LET IT FLY’
During a two-hour meeting Thursday with members of the House Financial Services Committee, U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies, but said stablecoins need greater regulatory oversight.
Bitcoin was trading 4.05% higher on Friday morning. (iStock)
The meeting was designed to serve as a forum for representatives to ask Treasury Secretary Janet Yellen and Powell about the Treasury Department’s and Federal Reserve’s pandemic response, but featured several questions about cryptocurrencies, Coindesk reported.
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