Just a few days ago, Bitcoin reached a new all-time high, after previously being stuck at $112.000 per coin. However, it seems like the crypto has gotten more interested investors. Yesterday, the coin broke its own record again and reached a value of $120.000 per coin! However, people seem careful as they expect the value of the coin to crash.
Bitcoin is Adopted in Multiple ETFs
Yesterday, for the first time since the launch of Bitcoin, the coin’s value broke the $120.000 mark. This is an excellent ending to a week where the coin continued to gain more and more value. Part of the reason why Bitcoin has been growing so much in the past weeks is that multiple ETFs started to include Bitcoin in their portfolios as well. These ETFs have gained over $2.7 billion in the past week. Experts think that Bitcoin will keep rising in the next few months. The predicted new all-time high is $140.00, which could be reached in the next few months!
This week is Crypto week in the U.S.
On July 14th, the United States will start Crypto week, which is not a week to celebrate cryptocurrencies like Bitcoin, but signifies a week where lawmakers will vote on multiple cryptocurrency bills. These bills are all part of President Trump’s digital assets agenda. However, lawmakers will first have to vote on 3 different bills:
- The Genius Act: This would create the first federal regulatory framework for stablecoins by requiring full backing with the U.S. dollar.
- The Clarity Act: This bill will try to establish a comprehensive regulatory framework for digital assets by dividing the oversight between the SEC and the CFTC.
- The Anti-CBDC Surveillance State Act: This bill would prohibit the Federal Reserve from issuing a central bank digital currency without explicit congressional authorization.
These bills may give cryptocurrencies the boost they need to go mainstream and become widely accepted methods of payment and investment by the public.
