Latest Prices
1,092.39
+6.2 ▲ 0.6%
$23,144
+66.7 ▲ 0.3%
$1,603
−0.8 ▼ 0.0%
S&P 500 daily close
4,070.56
+10.1 ▲ 0.2%
Gold
$1,928
−0.7 ▼ 0.0%
Treasury Yield 10 Years
3.52%
▲ 0.0
BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET
Bitcoin (BTC): The largest cryptocurrency by market value was recently trading at $23,100, up 0.4% in the past 24 hours, as traders awaited next week’s Federal Open Market Committee decision on interest rates. BTC has rallied almost 40% since Jan. 1, on track for its best opening to a year since 2013 when it surged 51%.
Equities closed up as traders processed the latest Personal Consumption Expenditures (PCE) report, which showed a slowdown in inflation at the end of last year. The tech-heavy Nasdaq Composite rose 0.95%, while the S&P 500 and the Dow Jones Industrial Average (DJIA) were up 0.25% and 0.08%, respectively.
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Top Story
Four senior Biden administration officials published a statement on Friday urging Congress to “step up its efforts” with respect to regulating the cryptocurrency market.
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The officials – Brian Deese, director of the National Economic Council; Arati Prabhakar, director of the White House Office of Science and Technology Policy; Cecilia Rouse, chair of the Council of Economic Advisors; and National Security Advisor Jake Sullivan – wrote that Congress “should expand regulators’ powers to prevent misuses of customers’ assets … and to mitigate conflicts of interest.”
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Other suggestions for Congress in the statement included strengthening transparency and disclosure requirements for crypto companies, strengthening penalties for violations of illicit-finance rules and working more closely with international law enforcement partners.
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The officials also made suggestions about what…
