Bitcoin, Ethereum, and Cardano Continue to Recover From Late-Week Selloffs

What happened

As of 1:00 p.m. ET, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Cardano (CRYPTO: ADA) appreciated 3.3%, 1.2%, and 4.8%, respectively. Earlier in the day, Ethereum showed a 24-hour gain of 3.8%. These modest moves higher have coincided with a rather strong momentum this weekend, on the heels of an early Saturday sell-off that hit the cryptocurrency market yesterday.

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Cryptocurrency investors appear to be taking a wait-and-see approach to these large-cap cryptocurrencies, in the wake of what has turned out to be a bumpy week for these major tokens. Each of these three tokens started its sell-off on Wednesday, following a congressional meeting between key cryptocurrency CEOs and lawmakers to discuss the potential for regulation in the cryptocurrency market earlier this week.