Analysis: Market focus on US "Crypto Week" legislation drives Bitcoin price up
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News: London Stock Exchange Group data shows that Bitcoin price has turned positive. This cryptocurrency soared to a historical high of $123,153 on Monday, followed by a pullback due to profit-taking. However, cryptocurrency investors are focusing on potential cryptocurrency asset regulatory legislation in the United States. During this "Crypto Week," the U.S. House of Representatives will review three bills aimed at comprehensively reforming U.S. cryptocurrency policies. Josh, an analyst from TPICAP's digital asset division, stated in a report that this could pave the way for more institutional adoption of cryptocurrencies and drive Bitcoin's further rise. She said: "Bitcoin's role as 'digital gold' in investment portfolios is becoming increasingly important." (Jin Shi)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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