Bitcoin has surged past $51,500.
The 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 of $51.7 billion. Bitcoin is up 4.83% for the day.
The world’s most popular crypto asset had been under pressure, particularly on Tuesday when Gary Gensler, nominee for chairman of the U.S. SEC disclosed that ensuring crypto market’s manipulation and illicit activity is a challenge for the agency.
More details shortly …