BTC Jumps 5% as Fed Signals 'New Era' for Crypto

Crypto markets are seeing a sharp uptick today, Oct. 21, with most of the top 10 assets up between 2-4% in the past 24 hours. Bitcoin (BTC) surged from near $108,560 to almost $114,000 over the past two hours, a 5.5% gain.

Markets rallied sharply after Federal Reserve governor Christopher Waller spoke favorably about the crypto and “defi industry” in his opening remarks at the Fed’s first Payments Innovation Conference, which is taking place today. The conference was created to focus on the integration of blockchain and crypto into mainstream finance, Waller noted.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io