Despite regulatory scrutiny and a downturn in the stock market, Bitcoin and altcoins have shown resilience
, the largest cryptocurrency, experienced an uptick on Wednesday in sharp contrast to the stock market. According to data provided by coin ranking site CoinGecko, the price of Bitcoin has now surged by more than 3 in the last 24 hours. However, it remains below the make-it-or-break-it level of $23,000.
Major altcoins, such as Ethereum and XRP are also up more than 2%. Dogecoin is in the lead among the largest top 10 coins with a 3% uptick. Bitcoin started the year with a bang by logging substantial gains in January. However, regulatory scrutiny on crypto firms from the Securities and Exchange Commission and other US regulators has negatively impacted digital assets over the past few weeks.
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