$BTC

Legislative Development:

Bitcoin Gains GroundA new bill has been introduced that could permit the central bank to acquire cryptocurrencies like Bitcoin as part of state reserves. This development highlights growing institutional acceptance of Bitcoin, though it remains optional. Meanwhile, Bitcoin’s price has soared to $110,000, fueled by rising investor confidence. On-chain and technical indicators point to a potential rally to new all-time highs. Institutional interest is surging, with banks now offering direct Bitcoin purchases and speculation of trillions entering the market. Additionally, Bitcoin’s decreasing correlation with U.S. Treasury futures suggests it’s emerging as a unique asset class.