On the 14th, Bitcoin prices surged strongly in the Asian market, surpassing the $120,000 (510,000 MYR) mark and continuing to rise.
According to data from the CoinMarketCap website, Bitcoin prices have been fluctuating upwards, reaching $120,864.40 (equivalent to 514,200 MYR) as of 12:30 PM.
The rally in Bitcoin has also driven the overall cryptocurrency market higher. Ether rose by 1.82% to $3,004 (12,700 MYR); XRP increased by 4.02% to $2.88 (12 MYR); while SOL climbed 2% to $164.75 (701 MYR).
According to foreign media reports, the U.S. House of Representatives will debate three important cryptocurrency-related bills this week: the “Financial Innovation Act,” the “Digital Asset Market Clarity Act,” and the “Anti-CBDC Surveillance State Act.” These may provide the regulatory clarity long demanded by the cryptocurrency industry.
For cryptocurrencies long facing a harsh enforcement environment in the United States, the progress of these bills is undoubtedly a transformative and long-awaited good news. Since last week, these developments have also led to surging sentiment in the crypto trading market, prompting Bitcoin to continue hitting record highs.