Bitcoin continued its upward trajectory on Wednesday, approaching its all-time high after the U.S. Senate advanced the GENIUS Act — an important piece of legislation regulating stablecoins, overcoming previously existing legislative hurdles.
The world's largest cryptocurrency rose by 1.4% to $107,595.50 as of 09:42 Moscow time.
The token appears to be in a consolidation phase near a four-month high. It is just shy of its record level of $109,288, reached in January.
