Bitcoin rose as high as $55, 499 earlier in the session. It's up up 13% this week alone and now 87% for the year.
The rally comes amid a series of small developments in Washington, D.C. that have provided some comfort to institutional investors keen to jump into cryptocurrencies. On Tuesday, Securities and Exchange Commission chairman Gary Gensler said in a hearing of the House Financial Services Committee that he has no plans to ban cryptocurrency, and that a ban would be up to Congress.
Gensler's comments mirror those made by Federal Reserve chairman Jerome Powell, who also said Friday that he has no plans to ban cryptocurrencies.At the same time, stocks were falling as investor concerns about rising rates, higher inflation, the state of the reopening and the debt limit.
"The Janet Yellen discussion on air yesterday was a major reason to buy bitcoin," Jim Cramer said on CNBC's 'Squawk on the Street' Wednesday morning. "If you parse what she's saying and it becomes true, the dollar doesn't seem to be as valuable as crypto."
Dumping by end of week like an enema!
This is not surprising. Soon we will see the price of 70k
Stay up Bitcoin
realDogecoinOG Fomo signal activated :) give it some days for the panic sale signal
The new order currency.. one world currency… the mark of the beast
Bitcoin is the ultimate property 👍
Are you interested to mine your bitcoin to be earning daily profits to your wallet ?
Bitcoin is going to infinity ♾ & there’s nothing you can do about it The laws of mathematics and physics govern our universe Thanks to Bruw50 he has been helpful in the field, great tweets, Tips & predictions so far, he works incredibly hard in the space. Go check him out.
Democracy.
Bitcoin jumps like a frog 🐸
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