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💥What is Crypto Week? What to expect for Bitcoin price?💥

US lawmakers will discuss the Genius Act, the Clarity Act and the Anti-CBDC Surveillance State Act during the "Crypto Week", amid growing bets that the industry's strained ties with Washington is beginning to thaw. This is a sharp reversal of fortune for a sector that had once threatened to flee offshore, citing a hostile environment and heavy-handed enforcement in the U.S.

👉What to Expect?

Investors are racing to take positions ahead of the extra publicity this event could attract, said Dan Coatsworth, investment analyst at AJ Bell, referring to the Crypto Week.

It is expected that capital that was previously sidelined due to regulatory uncertainty to re-enter, said Jag Kooner, head of derivatives at crypto exchange Bitfinex. Even if final passage stalls, the optics of legislative engagement are bullish, Kooner said.

It is being observed that bitcoin treasury strategies proliferate across companies, which reflects growing institutional confidence in BTC as a balance-sheet asset, said Nicolai Sondergaard, research analyst at Nansen.