Fox Business Flash top headlines for October 1
Check out what’s clicking on FoxBusiness.com.
Bitcoin was trading 6.37% higher on Saturday morning.
The price was almost $47,800 per coin, while rivals Ethereum and Dogecoin were trading at nearly $3,300 (+5.6%) and 21.7 cents (+5.05%) per coin, respectively, according to Coindesk.
Just 24 hours earlier, Bitcoin was above $45,000. The recent surge in cryptocurrency in the U.S. is being attributed to a positive two-hour meeting Thursday between U.S. Federal Reserve Chairman Jerome Powell and members of the House Financial Services Committee.
ELON MUSK SAYS CRYPTOCURRENCY REGULATORS SHOULD 'DO NOTHING' AND ‘LET IT FLY’
At that meeting, Powell said he does not intend to ban cryptocurrencies, but said stablecoins need greater regulatory oversight.