Bitcoin Rises after the Good News from the Senate Banking Committee Hearing

Bitcoin rose above $8,000 after falling below $6000 yesterday.

The Senate Banking Committee hearing on Tuesday regarding the virtual currencies delivered a much needed positive message to the market – greater consumer protection and no outright ban on the cryptocurrency trading.

Bitcoin enjoyed a $2,000+ gain on the news.

Yesterday, Dr. Doom predicted that Bitcoin would crash to zero, and claimed that Bitcoin was the biggest scam in the human history.

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