Bitcoin’s value on Monday is closer to $ 108,786 because the US Congress is expected to discuss the prominent Cryptocurrency bill this week.
The world’s leading Cryptocurrency is currently priced at nearly $ 103,000 and increases the profits it has gained over the past two weeks.
The increase in prices is associated with fear of inflation in the United States, and key import tariffs are returned to the country.
The Senate is also expected to discuss this week’s prominent encryption bill this week, which could create the first US regulatory framework for Stablecoins.
These are USD encrypted currencies, such as Tether and USD Coin (USDC), which offer a more stable replacement for unstable cryptocurrencies such as bitcoin.
It is still unclear whether the bill has a majority in the US parliament, but experts believe that this is a success in negotiations on Cryptocurrency.
The bill must approve a 60 votes, and many Democrats have said that they must review the modified text before making any commitment.
However, it is currently opposed by several Democrats, including Senator Elizabeth Warren, who raised concerns that the draft bill “has raised any regulations to prevent Trump and the Trump family in large quantities of corrupt cryptography.”
Ms. Warren’s banking committee staff also released another note on Thursday, warning that “many new changes will cause significant defects that endanger consumer support and national security.”
Among these observations, Bitcoin rose to $ 107,000 on Sunday before it was combined the next day at its current price.
The company’s demand for bitcoin seems to be increasing.
JPMorgan analysts go to Bitcoin from gold and predict that the cryptographic price can be better than gold for the rest of the year.
Strategy, the largest Bitcoin holder of the company, with a total of 568.840 BTC, announced last week to earn 13,390 BTCs at an approximate price of $ 1.3 billion.
Several other companies have approved Bitcoin or have announced plans to obtain it as a strategic reserve asset.
Former PayPal President David Marcus recently released in X and asked people to “grapple”.
Global economic trends appear to have also played a role in bitcoin rally.
Even if the US Federal Reserve keeps interest rates unchanged at about 4.25 % to 4.50 %, inflation is still worrying with new trade policies.
Walmart said the product price will rise this month after leaving President Trump.
“The greatness and speed that these prices reach us are somewhat unprecedented in history,” said John David Raine, a senior financial officer at Walmart.
Experts say these changes could increase bitcoin’s attractiveness among investors as inflation hedge.
