Bitcoin Nears Record High as GENIUS Act Advances, Boosting Crypto Market 📈
Bitcoin's bullish trend continued on Wednesday, as its price approached a record high. This rise follows the U.S. Senate's progress on the GENIUS Act, a significant stablecoin regulation bill. The cryptocurrency climbed 1.4% to $107,595.50 at 01:42 ET, nearing a four-month peak and closing in on its January high of $109,288.
The GENIUS Act's progression reflects a regulatory shift under President Donald Trump, who has recently adopted a more supportive stance towards digital assets. The bill is expected to receive a Senate floor vote this week before moving to the president's desk, boosting market optimism.
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