Bitcoin tops $US120,000 for the first time
Bitcoin first exceeded US $ 120,000 for the first time and marked a milestone for the world’s largest crypto currency, as investors have bets on the long -term policy for the industry this week.
Bitcoin scaled the highest level of record levels of $ 121.207.55 in the Asian session on Monday before withdrawing to a level of about 1.6 percent on Monday.
Starting on Monday, the US House of Representatives will discuss a series of invoices to ensure that the country’s long -term regulatory framework for the digital asset industry.
These demands echoed with US President Donald Trump, who called him the “Crypto President ve and called on policy makers to renew rules in favor of the industry.
Ig Market Analyst Tony Sycamore supports strong corporate demand, more gain expectations and Trump’s reasons for the rise of Trump.
“For the last six or seven days, it has been a very, very, strong movement, and now it seems difficult to see where it stops, it seems to easily look at the level of US $ 125,000 (A190,262),” he said.
The increase in Bitcoin, which has increased by 29 percent for the year so far, has led to a wider rally in other crypto currencies in the last few sessions, even in the face of Trump’s chaotic tariffs.
Ether, the second largest coin, Ether, USD $ 3,050,90 (A4,643.77) won more than five months, and XRP and Solana won about three percent.
According to CoinMarketCAP data, the total market value of the sector rose to $ 3.78 trillion (A5.75 $) to the trillion $.
At the beginning of this month, Washington declared the week of July 14 as “Crypto Week ğı, which the members of the congress will vote for the Genius Law, Clarity Act and the anti -CBDC -Olating State Law.
The most important bill is the Genius law that will create federal rules for Stablecoins.
Other places, the prices of stock market investment funds (ETFs) listed with crypto in Hong Kong have increased similarly.
The Spot Bitcoin ETFs released by China Amc, Harvest and Boserara, three ETER ETFs managed by asset managers increased roughly two percent.
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