Crypto Market Daily Update | Cryptocurrency market rebounds as Bitcoin approaches $98,000; critical vote on U.S. digital currency regulatory framework sparks intense standoff between Wall Street and the crypto industry.
On January 15, news emerged that the cryptocurrency market had rebounded, with Bitcoin rising to a two-month high of $97,500. This surge coincided with the U.S. Senate Banking Committee preparing for a critical vote on the Cryptocurrency Market Structure Act, but the bill’s fate has been thrown into uncertainty due to intense negotiations between Wall Street banks and the cryptocurrency industry over revenue rights for stablecoins.
As of press time, $Bitcoin (BTC.CC)$ Bitcoin fell by 0.34%, trading at $96,438.56. $Ethereum (ETH.CC)$ Ethereum fell by 0.97%, trading at $3,313.39.
The U.S. Senate Banking Committee is preparing for a critical vote on the Cryptocurrency Market Structure Act, but the bill’s fate has been thrown into uncertainty…
