#USCryptoWeek ๐ข๐ *Bitcoin reaches its all-time high amid anticipation for Cryptocurrency Week in the United States* ๐๐ฅ
๐๐๐๐๐ฐ *All-time high* ๐ธ๐๐๐
Bitcoin (BTC) has reached its all-time high, exceeding $116,868. ๐
๐ *Political pro-cryptocurrency legislative expectations* ๐
Expectations regarding pro-cryptocurrency political legislation in U.S. politics contributed to Bitcoin's strong performance. ๐๏ธ
๐ผ *Cryptocurrency Week* ๐
The House Financial Services Committee has designated the week starting July 14 as "Cryptocurrency Week" to discuss bills like the "Genius Act". ๐
๐ธ *Institutional buying* ๐ธ
GameStop purchased approximately $513 million worth of Bitcoin in May, and Trump Media & Technology Group plans to create a Bitcoin reserve of $2.5 billion. ๐
๐ *Analysis* ๐
The rise in Bitcoin's price is attributed to positive expectations surrounding supportive cryptocurrency legislation and increased Bitcoin purchases by major institutions.
Aโ๏ธ๐ฐ๐ฐU.S. Cryptocurrency Week from July 14 to 18.๐๐ฐ๐ฐ
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