Cryptocurrencies
Bitcoin Extends Advance After Fed Meeting, Powell Commentary
- Fed chair said banks can serve crypto sector if risks managed
- Largest digital asset posted biggest climb in more than a week
Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.
The largest digital asset rose 1.3% to about $105,134 as of 8:30 a.m. on Thursday in New York, adding to a climb of 3.5% yesterday. Smaller tokens such as Ether and Solana also pushed higher.