This pushed the price of Bitcoin up following a trading frenzy.
But today it’s back up again—although still 5% shy of its all-time high—and continuing to climb.
Treasury secretary Janet Yellen yesterday said that there would be high inflation in the first half of 2022.
Meanwhile, Dogecoin, a so-called meme coin that traders typically price pump on social media and mostly buy to make money quickly, was up 4.7% in the past 24 hours—trading at $0.26.
The project earlier today flipped the market cap of XRP, becoming the sixth-largest cryptocurrency in the world.
Last week, an SEC filing said that New York-based asset management firm VanEck’s Bitcoin Strategy ETF would start trading today.