RATE Group | Cryptocurrencies Tick Higher as U.S. Congress Holds Hearings on Sector By Investing.com
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Cryptocurrencies Tick Higher as U.S. Congress Holds Hearings on Sector By Investing.com

Cryptocurrencies Tick Higher as U.S. Congress Holds Hearings on Sector By Investing.com

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Investing.com – Cryptocurrencies overall traded higher on Tuesday as they once again moved into the spotlight on Capitol Hill in a discussion about regulation of the sector.

Total cryptocurrency market capitalization increased to $266.46 billion by 10:49 AM ET (14:49 GMT), compared to $265.02 billion a day earlier.

, the largest alt coin by market cap, fell 0.6% to $9,557.6 on the Investing.com Index.

Among its closest rivals, slipped 0.1% to $209.03, gained 3.0% to $0.31947, traded up 1.0% to $90.363, while rose 3.2% to $317.6.

Although not a directional mover, the U.S. Committee on Banking, Housing and Urban Affairs was, at the time of writing, holding a hearing, entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain.”

The witness panel is represented by Jeremy Allaire, co-founder and CEO of payments company Circle, who will speak on behalf of the Blockchain Association, Rebecca M. Nelson, a specialist…

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