Cryptocurrency Prices Rise Amid Optimism Over Regulatory Interest in the U.S.

Most cryptocurrency prices rose during Thursday's trading session, as investors showed optimism toward increased regulatory interest in the industry under the new U.S. administration.

Bitcoin climbed by 0.65% to $84,718.22 as of 11:08 AM Mecca time, accounting for around 63% of the total cryptocurrency market value.

Meanwhile, Ethereum, the second-largest cryptocurrency by market capitalization, rose by 2% to $1,602.82, while Ripple remained steady at approximately $2.0936.

Zach Bradford, CEO of Bitcoin mining company CleanSpark (NASDAQ: CLSK), stated in an interview with CNBC that a second term for President Donald Trump would be positive for the cryptocurrency sector.

The U.S. Securities and Exchange Commission (SEC) announced a meeting with major industry players to discuss cryptocurrency policy, focusing on custody regulations and broader regulatory frameworks. The meeting is scheduled for April 25.

The global market capitalization of cryptocurrencies stands at $2.67 trillion, while the total trading volume over the past 24 hours reached $76.83 billion, marking a 2.35% increase, according to CoinMarketCap data