to over $106,000, marking a 13% increase from earlier this month, driven by sustained institutional interest and positive ETF inflows . MicroStrategy bolstered this momentum by acquiring $765 million worth of Bitcoin, elevating its total holdings to approximately $59 billion .
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Regulatory advancements are also shaping the landscape. The U.S. Senate has progressed the GENIUS Act, a pioneering bill aimed at regulating stablecoins. Passed with a 66-32 vote, the legislation seeks to enhance oversight and establish a legal framework for stablecoins, reflecting the growing influence of the cryptocurrency industry .
In the financial sector, JPMorgan Chase has reversed its stance on Bitcoin. CEO Jamie Dimon announced that the bank will now allow clients to purchase Bitcoin, aligning with a broader trend of traditional financial institutions embracing cryptocurrencies .
Meanwhile, in India, the Supreme Court has urged the central government to expedite the formulation of a clear regulatory framework for cryptocurrencies, highlighting concerns over the current unregulated state of the market .
These developments underscore a dynamic period for cryptocurrencies, marked by significant price movements and evolving regulatory landscapes.
