- Major cryptocurrencies are all rising on Thursday but bitcoin is still down 20% over the last 7 days.
- World Bank Group President Jim Yong Kim compared cryptocurrencies to Ponzi schemes.
Mati Greenspan, an analyst with trading platform eToro, said in an email: “The bounce in the crypto markets continued. Thanks in large part to a softer than expected stance from US regulators.”
Regulators said they are taking a “do no harm approach” to the crypto market during a Senate hearing on Wednesday.
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