Crypto Markets Gain on Regulatory Clarity and Fed Optimism
Bitcoin, Ethereum, and major altcoins rise following the SEC and CFTC sharing a statement on spot crypto trading.
Major digital assets ticked up for a second day on Wednesday, Sept. 3, boosted by macro optimism and regulatory tailwinds after the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) said that regulated exchanges are not prohibited from facilitating certain spot crypto trades.
Bitcoin (BTC) rose 1.2% over the past 24 hours to $112,000. Ethereum (ETH) is up 3.8% on the day to $4,459. XRP increased 2.8% to $2.87, while Solana (SOL) ticked up 5% to $210.
“The whale rotation from Bitcoin to Ethereum that took BTC below $110,000 has taken a pause and most likely is almost complete…
