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Analysis: Market Focuses on US 'Crypto Week' Legislation Driving Bitcoin Price Surge
Summary: According to reports, data from the London Stock Exchange Group shows that the price of Bitcoin has surged. The cryptocurrency hit a record high of $123,153 on Monday before experiencing a pullback due to profit-taking. However, cryptocurrency investors are now focusing on potential cryptocurrency asset regulation legislation in the United States. During what is being ...
According to reports, data from the London Stock Exchange Group shows that the price of Bitcoin has surged. The cryptocurrency hit a record high of $123,153 on Monday before experiencing a pullback due to profit-taking. However, cryptocurrency investors are now focusing on potential cryptocurrency asset regulation legislation in the United States. During what is being called 'Crypto Week', the US House of Representatives will be reviewing three bills aimed at comprehensive reform of US cryptocurrency policy. Analyst Josh from TPICAP's digital asset division stated in a report that this could pave the way for more institutional adoption of cryptocurrencies and further drive up the price of Bitcoin. He said, 'Bitcoin's role as the 'digital gold' in investment portfolios is becoming increasingly important.' (Jinshi P)
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Link: Analysis: Market Focuses on US 'Crypto Week' Legislation Driving Bitcoin Price Surge [Copy]
