Many cryptocurrencies turned positive over the last 24 hours and this morning as investors shook off regulatory issues in the sector and looked toward a Federal Reserve pivot.

Since late afternoon yesterday, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), traded 3.8% higher as of 9:40 a.m. ET and hovered around $28,425. Meanwhile, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded nearly 2% higher and the price of the meme token Dogecoin (CRYPTO: DOGE) was up 2.7%.

The crypto industry has come under a lot of pressure on the regulatory front recently. Two of the main banks serving the sector, Silvergate Capital and Signature Bank, are now no longer doing so and have either been acquired or are planning to wind down their operations.

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Source Fool.com