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.
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At that meeting, Powell said he had no plans to ban cryptocurrencies, but stablecoins needed more regulatory oversight.
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.