Bitcoin has gained ground alongside Wall Street in midday trading, ahead of Federal Reserve Chair Jerome Powell's concluding testimony on U.S. monetary policy before the Senate Banking Committee.

The largest digital asset by market capitalization held above the $67,000 mark, increasing by around 1% in the past 24 hours and was changing hands for $67,199 at 11:30 a.m. ET, according to The Block's Price Page.

U.S. indices climbed on Thursday, with major equities erased losses from earlier in the week. The S&P 500 increased by 0.88% over the past 24 hours, while the Dow Jones Industrial Average rose by 0.41%, and the Nasdaq Composite saw a gain of 1.38% in the same timeframe, according to TradingView …