Bitcoin Moves Past $51,500

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Bitcoin has surged past $51,500.

flagship crypto-asset reached a one-week high despite growing concerns facing the crypto industry.

On Wednesday, Bitcoin traded above $51,508.78 with a daily trading volume $51.7 billion. Bitcoin is 4.83% for the day.

The world’s most popular crypto asset had been under , particularly on Tuesday when Gary Gensler, nominee for of the . SEC disclosed that ensuring crypto ’s manipulation and illicit activity is a challenge for the agency.

More details shortly …