Bitcoin continued its bullish momentum on Wednesday, approaching its summit of all time after the American Senate of the Act on Engineering law, a historic bill for the stable regulation. The cryptocurrency increased by 1.4% to 107,595.50 $ to 01:42 he (05:42 GMT), negotiating almost a four-month summit and closing on its January 109,288 summit.
The increase in the bill reports a regulatory change under President Donald Trump, who recently took a more favorable position towards digital assets. The Act on Engineering should head to a vote in the Senate this week before reaching the president’s office. Market optimism has been raised by the Trump administration of a Bitcoin Strategic Reserve in March, a decision to strengthen the American position in the digital economy.
While the cryptography sector benefits from a renewed confidence in investors, wider market risks remain. The American-Chinese in progress tensions on the restrictions of the fleas of AI threatens to rekindle commercial conflicts. In response, Chinese officials qualified American actions as “intimidation” and promised reprisals, throwing a shadow on the fragile diplomatic thaw.
Adding to the prudence of the market, managers of the federal reserve have warned that climbing prices could increase higher inflation and delay interest rates reductions. This “higher” rate prospect can mitigate the enthusiasm of risk assets.
Despite these opposite winds, Bitcoin resilience reflects its growing attraction as a reserve of value and coverage against macroeconomic and geopolitical instability.
Altcoins reflected the Bitcoin force. Ethereum gained 1% to $ 2,584.85, while Solana and Cardano increased by 1% and 2.3% respectively. XRP remained stable at $ 2,3826 and the polygon fell 0.3%. The coins have experienced net movements, with Dogecoin climbing 2.8% and $ Trump soaring 12.1%, riding a vague of political feeling.
