Bitcoin, the most well-known and traded cryptocurrency, reached a new all-time high today, soaring to $123,000 during a week marked by cryptocurrency discussions in the US House of Representatives.
After reaching $123,000 (€105,281) at 07:26 (06:26 in Lisbon), Bitcoin slightly declined and, by 08:00 (07:00 in Lisbon), had increased by 2.60% to $122,200 (€104,596).
The US House of Representatives is debating three cryptocurrency-related bills this week: the Clarity Act, the Anti-CBDC Surveillance Act, and the Genius Act.
These regulations aim to establish a comprehensive market structure that allows for the classification and differentiation of digital assets as securities or commodities, as well as a framework for stablecoins, among other issues.
According to Javier Molina, an analyst at eToro, the Genius Act would provide stablecoins with a rigid structure, while the Clarity Act would establish clear limits, as the Securities and Exchange Commission (SEC) would supervise tokens.
Molina also mentioned that the Bitcoin Act would allow the Treasury and the Fed to acquire up to one million Bitcoins as a strategic reserve and protect private self-custody.
Meanwhile, analyst Juan Ignacio Crespo suggested that by the end of the year, Bitcoin might increase by 51% to reach $179,000.
