Bitcoin Reaches Historic High Amid Progress on Stablecoin Legislation in the U.S.

Bitcoin Surges to New Record of $109,500

The price of the largest cryptocurrency, Bitcoin, has once again set a historic high, reaching the level of $109,500. This surpasses the previous peak, recorded during President Donald Trump's inauguration on January 20. This was made possible by the passage of the stablecoin legislation in the U.S., which sparked hopes for regulation from Trump.

Growth of Ethereum and XRP

Price increases of other cryptocurrencies, such as Ethereum and XRP, are also being observed. The cryptocurrency market overall is showing stable growth due to positive regulatory aspects, including the advancement of the stablecoin bill in the U.S. Senate.

'This is a change in approach from Gary Gensler and the SEC to the Trump administration, which welcomed our industry,' noted Michael Novogratz, founder of Galaxy Digital.

The bill includes stricter regulations regarding money laundering, foreign issuers, and improving consumer protection. Traders have already taken optimistic positions on Bitcoin, anticipating further growth.

Summary and Outlook

Bitcoin has shown a 17% gain since the beginning of the year, surpassing other risky assets like U.S. stocks. Demand for cryptocurrency has also intensified due to the strategies of Michael Saylor and other companies that are actively investing in Bitcoin.

Thus, cryptocurrencies are showing stable growth amid positive regulatory and investment support, which fosters market confidence and attracts new investors.