Fox Business Flash top headlines for May 28
Check out what’s clicking on FoxBusiness.com.
Bitcoin was volatile early Monday morning beginning the day at $34,518 before trending higher again, topping out at $36,207 slightly after 4:30 a.m. Eastern time, Coindeck reported.
At approximately the same time, Ethereum and XRP were both up, with Ethereum in positive territory up 0.24% at $2,446 and XRP up 13.49% at $0.997794. Dogecoin was at $0.30, down 0.10, Coinbase reported.
New York Stock Exchange Chair Stacy Cunningham, speaking on FOX Business’ "Cavuto Coast to Coast" Friday, told the host she doesn’t expect cryptocurrency to "displace us."
BITCOIN, CRYPTO IN MLB NO LONGER OUT OF LEFT FIELD, YANKEES MANAGER AARON BOONE SAYS
"I certainly think, though, that it is something that's going to continue to grow. It's not over. But I also expect the regulators and the government to take a look at it and view whether or not there are appropriate guardrails on it," Cunningham continued.
Meanwhile, another cryptocurrency celebrity stepped forward Thursday when Tampa Bay Buccaneers quarterback Tom Brady revealed he is a "big believer" in the long-term prospects of cryptocurrencies.