Bitcoin has reached a high position, pay attention to the accompanying cryptocurrency legislation, let retail investors take over!!!

Recently, the price of Bitcoin has indeed been at a high level, breaking through the $120,000 mark on July 14, reaching a maximum of $123,091.61. Strangely, at the same time, several cryptocurrency bills are being promoted in the United States, such as the GENIUS Act, CLARITY Act, etc. The progress of these bills has increased the regulatory transparency of the cryptocurrency industry and has also affected the price of Bitcoin to some extent.

At this time, one should also be aware of "accompanying cryptocurrency legislation to let retail investors take over." The continuous emergence of favorable news at high levels is often a good opportunity for major players to offload their assets using positive news. Although some analyses suggest that the current upward trend of Bitcoin is still driven by retail investors, this does not mean that there are institutions or other forces using cryptocurrency legislation to induce retail investors to take over.

It is important to note that the Bitcoin market has a high level of risk and uncertainty, with severe price fluctuations. Investors should remain rational and cautious, avoiding blind following and excessive trading.