Analysis: US "Crypto Week" Legislation Drives Bitcoin Price Rebound
Odaily Planet Daily News: Data from the London Stock Exchange Group shows that Bitcoin prices have turned upward. The cryptocurrency surged to a record high of $123,153 on Monday before pulling back due to profit-taking. However, crypto investors are now focusing on potential crypto asset regulatory legislation in the United States. During what is being called "Crypto Week," the U.S. House of Representatives will review three bills aimed at a comprehensive overhaul of U.S. cryptocurrency policy. Josh, an analyst at TPICAP's digital asset division, stated in a report that this could pave the way for greater institutional adoption of cryptocurrencies and drive Bitcoin even higher. She noted, "Bitcoin's role as 'digital gold' in investment portfolios is becoming increasingly important." (Jin10)
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