#TradingStrategyMistakes Bitcoin is soaring to unprecedented highs, buoyed by "crypto week," which saw the Genius Act advance to the House floor after its approval in the U.S. Senate last month. By total market capitalization, only gold and shares of Nvidia, Apple, and Microsoft are worth more. Bitcoin , the cryptocurrency par excellence, has hit a new all-time high ( ATH ). Just a few hours ago, the value of a single bitcoin surpassed $120,000 , and has reached $122,740 as of this writing. This new upward trend has been ongoing for several days, setting a new record every few hours. Just a few days ago, it had reached a new ATH of around $112,000.The latest surge in the price of bitcoin has pushed its total market capitalization to $2.4 trillion. This has made the cryptocurrency created by the mysterious Satoshi Nakamoto the fifth largest asset in the world . Only gold and shares of Nvidia, Apple, and Microsoft are ahead of it. Bitcoin has surpassed Amazon, silver, and Alphabet (Google). What's happening in the USOn June 18, just as the cryptocurrency trend was trending upward, the Genius Act (National Innovation Guidance and Establishment for U.S. Stablecoins) was approved in the Senate. This bill aims to regulate dollar-denominated stablecoins, cryptocurrencies whose value remains stable against the dollar, for the first time in the United States. Now the ball is in the House of Representatives' court. The signs therefore seem to favor Bitcoin, but not only that: Ethereum and other altcoins are also seeing their value rise. According to Reuters , "crypto President" Donald Trump intends to sign the legislation by August. The goal of the Genius ActMore specifically, the new framework will regulate stablecoins as a means of payment, no longer assecurities or commodities. Rules will also be introduced to create more transparent regulation that can guarantee financial security (according to the text of the law). The entities authorized to issue stablecoins will also be defined: banks, authorized non-banking companies, or issuers authorized by the US #writetoearn