Bitcoin rally lifts crypto stocks before big week in Congress
STORY: U.S.-listed crypto stocks jumped on Friday morning as bitcoin surged to a record high in the run-up to a landmark week that could cement policy wins for the crypto industry.
Bitcoin buyer and holder MicroStrategy rose as much as 4% while crypto miner Riot Platforms climbed as much as 3.5% as Bitcoin traded near $119,000.
Meanwhile, the U.S. House of Representatives is preparing to debate three crypto bills starting on Monday, in what’s been dubbed “Crypto Week.”
The bills are likely to provide the industry the regulatory framework in the U.S. that it has long demanded.
This comes amid growing bets that the industry’s strained ties with Washington are beginning to thaw.
It would be a sharp reversal of fortune…
