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Bitcoin was trading 6.37% higher on Saturday morning.
The price was nearly $ 47,800 per coin, while rivals Ethereum and Dogecoin were trading at nearly $ 3,300 (+ 5.6%) and 21.7 cents (+ 5.05%) per coin, respectively. , according to Coindesk.
Just 24 hours earlier, Bitcoin exceeded $ 45,000. The recent rise in cryptocurrency in the United States is attributed to a positive two-hour meeting Thursday between U.S. Federal Reserve Chairman Jerome Powell and members of the House Financial Services Committee.
ELON MUSK SAYS CRYPTO-CURRENCY REGULATORS SHOULD “DO NOTHING” AND “LET IT FLY”
At that meeting, Powell said he had no plans to ban cryptocurrencies, but stablecoins needed more regulatory oversight.
Bitcoin was trading 6.37% higher on Saturday morning. (Getty Images)
In other cryptocurrency news, hackers took advantage of a vulnerability and bypassed Coinbase’s multi-factor authentication SMS option, Coindesk reported on Friday. The action affected at least 6,000 exchange clients, according to a notification letter sent to affected clients, saying the company has filed documents with the California state attorney general’s offices.
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Between March and May 20, the hacker (s) used a loophole in Coinbase’s account recovery process to obtain the SMS two-factor authentication token to break into customers’ accounts and transfer funds from them, according to The report.
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