The markets are anticipating the presentation of a bill to regulate cryptocurrencies to the U.S. Senate for discussion soon, as lobbying groups in the digital currency sector have urged lawmakers to prioritize passing this bill.
According to "Coin Telegraph," the bill may be voted on in the Senate during this week, amidst strong indications of having the necessary support to move to the House of Representatives.
During today’s trading, the price of Bitcoin increased by 0.17% to reach $105,657, despite the return of trade tensions following U.S. President "Donald Trump" announcing the doubling of tariffs on steel and aluminum to 50%.
The market capitalization of the world’s most popular digital currency remained at $2.10 trillion, while trading volume over the past 24 hours decreased to $43.92 billion.
On a weekly basis, Bitcoin lost about 2.82% of its value, as the trade war escalated and investors returned to safe havens.
As for the prices of other cryptocurrencies, the price of Ethereum increased by 1.20% today to reach $2,634, while the price of Binance Coin rose by 0.27% to record $669.30.
The price of Cardano increased by approximately 0.42% to be traded at $0.6966, while Ripple recorded an increase of about 2.75% to reach $2.2566.
