Analyst: Optimistic sentiment surrounding US regulation drives Bitcoin price to new highs

According to Golden Finance, the price of Bitcoin rose to a record high on Wednesday. The recent rebound in Bitcoin and the broader cryptocurrency market can be attributed to favorable regulatory measures, including the stablecoin bill proposed by the US Senate after a group of Democrats dropped their opposition on Monday. The regulatory bill supported by this industry will currently be debated in the Senate, and a bipartisan group hopes to pass it as soon as this week. Galaxy Digital founder and CEO Michael Novogratz said in an interview on Wednesday, "This is a move from former SEC Chairman Gensler and the SEC to the Trump administration, which has accepted our industry. This unleashes the 'animal spirit' (i.e. market vitality and investment enthusiasm) both domestically and internationally