‘Dogecoin To Their Heart’s Content’—Crypto Market Price Surges By $300 Billion As Bitcoin, Ethereum, Binance’s BNB, Cardano And Ripple’s XRP Suddenly Soar

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Bitcoin and cryptocurrency prices have suddenly surged, bouncing back after a brutal week wiped more than $1 trillion from the crypto market.

The bitcoin price has climbed back over the closely-watched $40,000 per bitcoin level, gaining almost 20% since the weekend when it dropped to around $30,000.

Other major tokens, including ethereum, cardano, Binance’s BNB, Ripple’s XRP and the meme-based dogecoin also rose alongside bitcoin—adding between 5% and 15%.

MORE FROM FORBESElon Musk Reveals Why He’s Backing Dogecoin Over Bitcoin, Ethereum And Others After His Surprise Call For Upgrade ‘Ideas’ Sends Its Price Sharply Higher

The cryptocurrency rally, adding more than $300 billion to the broad crypto market since Monday morning, comes after reports the Biden administration is looking to tighten cryptocurrency regulation without stifling trading or innovation.

Investors will be able to “dogecoin to their heart’s content,” one person briefed on the matter said, according to the Washington Post, which first reported the news.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. AllStocksNews.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Owen Mayhttps://allstocksnews.com
Owen May is the editor-in-chief of AllStocksNews. He has a master's in economics and you will find him covering various topics.

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