Cryptocurrencies held firm in early Europe and then secured further strong gains later in the day. Bitcoin posted strong gains despite a firm dollar. There was also further evidence of a switch out of precious metals which triggered fresh demand.
Markets continued to monitor US Senate developments with further attempts to introduce a tax on cryptocurrency transactions to fund the infrastructure spending.
Bitcoin posted strong gains to above $46,000 and found support after a sharp dip to $45,000 to trade above $45,500 on Tuesday.
Ether also posted strong gains to highs above $3,150 later in New York and settled above $3,100 on Tuesday.
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