Market News
Bitcoin gains as US SEC gives crypto its first policy win - REUTERS
By Tom Westbrook, Elizabeth Howcroft and Chibuike Oguh
Summary
- Bitcoin gains after initial disappointment with Trump's crypto policies
- Analysts warn of volatility until concrete crypto policies announced
- Trump's crypto ventures criticized for potential conflicts of interest
NEW YORK/SINGAPORE/PARIS, Jan 21 (Reuters) - Bitcoin, the world's largest cryptocurrency, approached the previous session's record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector.
Bitcoin hit a record high $109,071 on Monday when Trump, who has pledged to be a "crypto president," was sworn in, but sank when crypto was not included in a flurry of on Day One.
Bitcoin prices rose 3.8% while Ethereum , the second-largest cryptocurrency, gained 1.4% as the market shook off some of that disappointment.
