Analysis: Market Focus on US' Crypto Week 'Legislation Pushing Bitcoin Prices to Rise

Odaily Planet Daily News: Data from the London Stock Exchange Group shows that the price of Bitcoin has risen. This cryptocurrency soared to a historic high of $123153 on Monday, but then fell back due to profit taking. However, cryptocurrency investors are paying attention to potential legislation related to cryptocurrency asset regulation that may be introduced in the United States. During the week known as' Crypto Week ', the US House of Representatives will review three bills aimed at comprehensively reforming US cryptocurrency policy. Josh, an analyst at TPICAP's digital asset division, stated in a report that this could pave the way for cryptocurrency to gain more institutional adoption and drive Bitcoin further upward. She said, "Bitcoin's role as the 'digital gold' in investment portfolios is becoming increasingly important