$BTC The cryptocurrency reached its all-time high, following the one recorded the day after Trump's inauguration (REUTERS)

Bitcoin hit an all-time high after the advancement of legislation on stable cryptocurrencies in the United States fueled hopes for regulatory clarity under President Donald Trump's administration.

The largest cryptocurrency rose to a record USD $110,864, surpassing the previous peak reached approximately at the time of Trump's inauguration on January 20. Other smaller coins, such as ether and XRP, also advanced.

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