Bitcoin's price surge today seems to be driven by a few key factors:
Upcoming U.S. Legislation – The U.S. Congress is set to debate key cryptocurrency regulations, including the GENIUS Act, which aims to establish a regulatory framework for stablecoins. This has boosted investor confidence.
Institutional Adoption – Major financial institutions, including JPMorgan, are enabling Bitcoin purchases, signaling growing mainstream acceptance.
Market Sentiment – Spot investors are buying Bitcoin dips, pushing the price closer to an all-time high.
Macroeconomic Factors – The market is reacting to the U.S. credit downgrade, which has led investors to seek alternative assets like Bitcoin.
Scarcity & Demand – Bitcoin’s fixed supply and increasing demand continue to drive its price higher
