Crypto Market Sees Slight Rebound During SEC, CFTC Hearings

The crypto markets have seen a slight uptick Tuesday, Feb. 6, after Monday’s sharp decline.

This slight market rebound could be attributed to the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) hearings that are taking place today, Feb. 6. The regulatory bodies plan to discuss cryptocurrencies, Initial Coin Offerings (ICO), and ETFs.

Bitcoin (BTC) is still trading around the $7000 mark, about $7,171.42 by press time and up 1.28 percent over a 24-hour period. This is almost $1000 up from a low today that had brought BTC to almost $6,000.

Ethereum (ETH) and Ripple (XRP) have gone up 4.59 and 1.65 percent over a 24-hour period respectively, trading at around $732.13 and $0.70.

Total crypto market cap is about $339 bln, up from an early morning low of around $276 bln.

Altcoins NEO and NEM were markedly up compared to the rest of the top ten coins listed on CoinMarketCap, up almost 12 percent each over a 24-hour period and trading at $91.40 and $0.51 by press time.