Bitcoin, the big name in digital money, just hit a new high. It soared to $123,000 on Monday. This record climb happened as lawmakers in the United States get ready for important talks about cryptocurrencies. It’s a busy week for digital assets.
After reaching that peak early Monday, Bitcoin cooled off a little. It dipped, then bounced back quickly. An hour later, it was sitting at $122,200. That was a 2.60% jump from its earlier level. For a moment, its value touched 105,281 euros, then 104,596 euros.
This week, the US House of Representatives will debate three key bills. These laws aim to shape how digital money works in the country. The bills are named the Clarity Act, the Anti-CBDC Oversight Act, and the Genius Act. Think of it like setting new rules for a big game.
These proposed rules want to make things clearer for everyone. They will help decide if digital assets are treated like stocks or like raw materials. They also plan to set up rules for ‘stablecoins,’ which are a type of cryptocurrency linked to real money. The goal is to create a full system for digital money.
Javier Molina, an expert from eToro, weighed in on these proposed laws. He explained that the Genius Act would give strict rules for stablecoins. The Clarity Act, he added, would set clear boundaries. Under this law, the Securities and Exchange Commission (SEC) would keep an eye on digital tokens. Molina also mentioned a ‘Bitcoin Act.’ He said this law could let the Treasury and the Fed buy up to one million Bitcoins. This would be a strategic reserve, like a national savings. It would also protect people’s private Bitcoin holdings.
Another analyst, Juan Ignacio Crespo, offered a bold prediction. He believes Bitcoin could climb even higher by the end of the year. Crespo suggested it might jump another 51%. If he’s right, Bitcoin could reach an impressive $179,000 soon.