After Gary Gensler, the head of the U.S. Securities and Exchange Commission, was criticized for his stance on cryptocurrencies, Bitcoin and Ether gained ground on Wednesday morning in Asia. With a gain of 3.38% to US$6.89 and 7.11% for the week, Polkadot was the top gainer. When Patrick McHenry questioned Gensler about whether Ether is a security or a commodity, Gensler ducked the question. Republicans on the committee have criticised the SEC’s approach to digital assets.
XRP increased 3.17% to US$0.5285 for a 2.80% weekly gain. Regulators and Ripple Labs are at odds. In the previous day, the total market value of cryptocurrencies increased by 2.29% to US$1.28 trillion. The Forkast 500 NFT index increased marginally over the previous day to 4,061.33 in the early morning.
The Forkast 500 NFT index increased marginally over the previous day to 4,061.33 in Hong Kong, up 0.32%. Due to a general uptick in cryptocurrency prices, the average selling price of NFTs has increased in April.
