Business
Bitcoin Rises to 12-Week High, Regulatory Momentum Helps
Bitcoin rose around 4% to a 12-week high of $75,681, according to LSEG data.
The cryptocurrency was boosted by a combination of regulatory momentum, institutional spot demand, lower-yield expectations and forced short covering, Zaye Capital Markets’ Naeem Aslam said in a note.
President Donald Trump has urged lawmakers to pass a “fair version” of the Clarity Act, a proposed U.S. federal bill aimed to create a clear legal framework for crypto currencies and digital assets.
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