Bitcoin touches highest weekly close of $106,000, here are 2 possible reasons for surge

Bitcoin’s price surge comes just days before the US Congress is set to debate key cryptocurrency legislation.

Bitcoin price rallied to another peak of $106,000 per unit Sunday, May 18, hitting its highest level since early February this year. This also reportedly marks the highest weekly closing price for Bitcoin to date. In December last year, the token had set a benchmark of $104,298.70 for the week.

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