Topline
Bitcoin led a rally in major cryptocurrencies and inched back towards $70,000 late on Wednesday after President Donald Trump hosted top crypto industry executives and called on Congress to pass the stalled cryptocurrency legislation known as the “CLARITY Act.”
President Donald Trump was joined by crypto industry leaders and executives for a White House event.
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Key Facts
The price of Bitcoin, the most valuable cryptocurrency, rose to $69,825, up more than 8.5% from Tuesday’s price.
This is the highest level Bitcoin has seen since early June, when it fell below $70,000.
The price of Ether, the second most valuable token, rose to $2,261.26—up more than 18.3% compared to Tuesday.
Other major cryptocurrencies also saw a…
