Bitcoin and the cryptocurrency market as a whole have grown in recent weeks thanks to regulatory factors, in particular, the bill in Stablecoins, which moves in the Senate.
The most popular cryptocurrency rose to the record of $ 109 302, overcoming the previous maximum. Bloomberg reported this on Wednesday, May 21.
This is the highest level in cryptocurrency history. The previous maximum was recorded on the day of Donald Trump’s inauguration on January 20.
The reason for growth is expected that the US Congress this week will accept the updated Bill Genius Act, which provides for the federal regulation of stabilcoins – digital assets tied to traditional currency.
“We see a new crypto approach to the part of the Trump administration. It brings optimism both in the USA and abroad,” Michael Novograts from Galaxy Digital said.
It should be noted that in April, cryptocurrencies lost almost all the revenues received after Donald Trump’s victory in the election in 2024, due to the tariffs introduced by the US President for almost all countries in the world.
But soon the cost of the most popular Cryptocurrency Bitcoin exceeds 100 thousand dollars per unit.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.