Bitcoin Soars to New Heights Amid Policy Anticipations
Bitcoin surged past the $120,000 threshold, driven by anticipated regulatory changes in the U.S. The surge highlights increased institutional interest and support from prominent U.S. figures, notably President Trump. This growth accompanies a broad cryptocurrency rally, raising the sector's market value significantly and sparking further investor optimism.
Bitcoin surpassed the $120,000 mark for the first time on Monday, setting a new benchmark as investors anticipate key policy developments for the cryptocurrency sector this week.
The U.S. House of Representatives is set to debate regulatory bills that could shape the future of digital assets, echoing demands that align with President Trump's pro-crypto stance.
This bullish trend, supported by strong institutional demand and potential policy triumphs, has lifted Bitcoin and other cryptocurrencies, bolstering the sector's market value to approximately $3.78 trillion.
(With inputs from agencies.)
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