Bitcoin smashes through $120,000 to all time high ahead of ‘crypto week’
Bitcoin smashed through $120,000 on Monday to trade at a fresh record high as traders geared up for ‘crypto week’ in the US amid inflows into Bitcoin ETF.
Congress will debate the future of cryptocurrency and its integration into mainstream finance this week. The GENIUS act could see the formation of a framework for pegging stable coins, while the CLARITY act seeks to lay down a regulatory framework with bodies such as the SEC.
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The debates in Congress take place against a backdrop of heavy support for crypto from the US President, whose family have profited in a big way from various coins since he won his second term.
“Bitcoin extended its advance on Monday, breaking above the USD 122,500 mark as optimism…
