Bitcoin, Ethereum, Dogecoin all lower in overnight trading

Bitcoin is slightly lower Monday morning, trading slightly above the $43,000 level.

The price was hovering about $43,715 per coin early Monday, while rivals Ethereum and Dogecoin were trading around $2,940 and 24 cents per coin, respectively, according to Coindesk.

Bitcoin reached its highest point in almost three months Saturday before paring back some of the weekend’s gains.

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Prices have since cooled and are down around 3% on a 24-hour basis after reaching a top of $45,200 late Saturday night and into Sunday morning. As of press time, bitcoin (BTC, -2.70%) is changing hands for around $43,695.

 
In other crypto news, on Thursday, President Biden distanced himself from a proposal by Finance Committee Chairman Sen. Ron Wyden and other senators aiming to loosen proposed regulations on certain cryptocurrency reporting requirements as part of the bipartisan infrastructure bill.