Bitcoin’s value rises further after Senate hearing

Bitcoin’s value rises further after Senate hearing

Washington inadvertently gave a big boost to the very currency they are concerned with. After the first of two Senate hearings concluded on November 18, Bitcoin began trading at highs above the $750 mark. This come, however, after the value dipped to $600 at the beginning of the hearing. Two phrases seemed to be investors’ big takeaways from this hearing. First, the committee acknowledged Bitcoin as a “legal means of exchange.” Washington up until then hadn’t been so forthcoming with its thoughts on the currency. Second, Acting Assistant Attorney General Mythili Raman said, “We all....


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