July 14 (UPI) – Bitcoin was negotiated over $ 120,000 on Monday while American legislators had to consider a series of invoices related to the crypto.
At 6:20 a.m. Hae, Bitcoin was negotiated at $ 121,921, according to Metrics Coin Data.
“We believe that Bitcoin’s push is motivated by longer -term institutional buyers and this will propel it at $ 125,000 in the month or the next two months,” said Jeff Mei, chief of the Cryptocurrency Exchange BTSE, in a press release.
The United States The House of Representatives had to start seeking to a potential trio laws This week, which he nicknamed “Crypto Week”.
The legislation aims to regulate stablecoins, to move the jurisdiction of cryptography to the Commodity Futures Trading Commission and to prohibit a digital currency of the Central Bank issued by the Fed.
“The atmosphere in Washington gave the risk at least for digital assets while the legislators load the legislative order book with three Pro-Crypto bills under the banner of the” Crypto week “” “” ” said Stephen Innes, of the management of SPI active ingredients. “Like a business in small groups that waited for months for a clean catalyst, the industry hopes that it is the moment when the crypto throws its legal ambiguity and rises on a firmer regulatory land. But even the clean picture can turn into a bull trap if the momentum.”
