Bitcoin hits historic milestone ahead of crucial US crypto bills
Bitcoin has passed a historic psychological barrier for the first time on Monday as investors pile into cryptocurrency ETFs ahead of “Crypto Week”.
The world’s leading cryptocurrency is continuing its monumental rise surpassing the $US120,000 ($AU182,000) mark for the first time, up 3.11 per cent to $122,643 ($AU186,708) during Monday’s trading.
The jump in Bitcoin’s price comes as the US House of Representatives begins deliberating a series of Crypto bills on Monday, dubbed “Crypto Week.”
One of the most significant bills under consideration is the Genius Act, which could establish federal guardrails for the US dollar to be pegged to stablecoins and provide the pathway for private businesses to issue digital dollars.
The aim…
