#Bitcoin is soaring to the moon, with the
#cryptocurrency posting a new all-time high on Monday of $122,838, nearly a 100% increase since July of last year. For a brief time, Bitcoin’s market cap was upwards of $2.4 trillion, surpassing Amazon as the fifth most valuable asset in the world.
The run-up came at the start of what the U.S. House Committee on Financial Services has called “
#CryptoWeek,” Three cryptocurrency bills – the CLARITY Act, Anti-CBDC Surveillance State Act and the GENIUS Act— were all approved on Thursday by the House of Representatives. Together they help establish a regulatory framework and help integrate cryptocurrencies into traditional
#finance.. “These pieces of legislation further the President’s pro-growth and pro-business agenda, and provide a clear regulatory framework for digital assets,” according to House Majority Leader Steve Scalise.
All this anticipation has helped produce outsized returns for
#BTC holders, with the coin’s price far outpacing even t...