Cryptocurrency prices rose on Wednesday, recovering from a sharp sell-off that surprised Wall Street, though sentiment among traders remained weak.
Bitcoin climbed 2.35% to $93,247.25 at 9:49 AM Mecca time, according to Coinbase data.
Ethereum rose 2.62% to $3,066, while Ripple gained approximately 1.23% to $2.1956, and Dogecoin advanced 2.98% to $15.04.
The market also received a boost from Vanguard Group's decision to allow cryptocurrency exchange-traded funds (ETFs) and mutual funds to trade on its platform.
Securities and Exchange Commission Chairman Paul Atkins indicated that the Innovation Exemption rule is on the roadmap for cryptocurrency companies next year, reflecting efforts to strengthen regulation of these currencies in the United States.
