Analysis: Market focus on US "Crypto Week" legislation drives Bitcoin price up

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Mars Finance News: According to London Stock Exchange Group data, Bitcoin prices have turned positive. This cryptocurrency soared to a historical high of $123,153 on Monday before experiencing a pullback due to profit-taking. However, cryptocurrency investors are focusing on potential cryptocurrency asset regulatory legislation in the United States. During this "Crypto Week," the U.S. House of Representatives will review three bills aimed at comprehensively reforming U.S. cryptocurrency policies. Josh, an analyst from TPICAP's digital assets division, stated in a report that this could pave the way for increased institutional adoption of cryptocurrencies and drive Bitcoin's further rise. She noted: "Bitcoin's role as 'digital gold' in investment portfolios is becoming increasingly important." (Jinshi)

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