Bitcoin Struggles Below $50K After Crypto CEOs Took Center Stage

Bitcoin Struggles Below K After Crypto CEOs Took Center Stage
Bitcoin failed to hold above the $50,000 mark and was down 4.2% over the past 24 hours.The largest cryptocurrency was looking weak on Thursday, a day after CEOs from six major crypto firms spoke before the U.S. House of Representatives Financial Services Committee.The hearing, which clocked in as one of the longest Congressional hearings on crypto, lasted almost five hours. Nearly 40 lawmakers asked questions ranging from specific topics like stablecoin backing to broader areas like use cases in the crypto sector.Bitcoin and Ethereum saw significant bids being stacked up following the hearing. However, this has since slowed down according…