Bitcoin Hits $86,331 as SEC Clears Digital Securities Trading

Bitcoin rose 6.5% to $86,331, its highest since late January, after the SEC approved trading of digital versions of securities in the US. Falling oil prices and a broader return of risk appetite also helped crypto move past the stalled Clarity Act and recent Fed rate hike.

• Bitcoin climbed 6.5% to $86,331, nearly $10,000 above last week's lows
• SEC approved trading of digital versions of securities in the US
• The Clarity Act failed a key Senate vote on Tuesday
• Bitcoin remains roughly a third below its October record