Cryptocurrency comes storming back after a blockbuster regulatory hearing on Capitol Hill

From businessinsider.com

Lawmakers pressed the two top financial regulators during a morning hearing on cryptocurrency — and now the market for digital currency is storming back. The price of bitcoin, which has had a bearish start to the year, soared past $7,700 during Tuesday's trading session. At the time of writing, the coin was trading up 12% against the US dollar at $7,756 — a more than $1,700 increase from its daily low set early Tuesday morning. Meanwhile, the market for digital currencies picked up more than $40 billion in market capitalization over the last 10 hours. Tuesday's rally ramped up soon after Jay Clayton, the head of ... (full story)