Bitcoin briefly eclipses $123,000
Digest more
Bitcoin has hit a new all-time high, surpassing $123,000 on Monday. This marks a sharp rise from $108,000 just a week ago.
Firms like GameStop and Trump Media are following the Michael Saylor playbook and treating bitcoin as a strategic reserve.
1don MSN
Bullish tailwinds have boosted the world's largest cryptocurrency in the last week. The token's price broke above $120,000 for the first time on Monday.
House Republicans are struggling with cryptocurrency legislation that they had expected to pass during what they dubbed “crypto week.”
The double-leveraged XXRP ETF rallied 55% over the last week ahead of the ProShares XRP ETF launch, matching Bitcoin ETFs. A high-profile ETF filing from the Trump Media & Technology Group has added to the buzz around crypto funds during the week.
Geopolitical turmoil and economic uncertainty push unproductive assets to the forefront, raising concerns over capital allocation and market signals.
House Republican leaders’ plans to pass three industry-backed crypto regulatory measures hit a bump Tuesday as they failed to win an important procedural vote.