At its all-time high amid anticipation for Cryptocurrency Week in the United States* 📈💥
🚀🚀🚀🚀💰 *All-Time High* 💸🚀🚀🚀
Bitcoin (BTC) has reached its all-time high, exceeding $116,868. 📊
📈 *Expectations for Pro-Crypto Political Legislation* 📈
Expectations for pro-crypto political legislation in U.S. politics contributed to Bitcoin's strong performance. 🏛️
💼 *Cryptocurrency Week* 📅
The House Financial Services Committee has designated the week starting July 14 as "Cryptocurrency Week" to discuss bills like the "Genius Act." 📚
💸 *Institutional Buying* 💸
GameStop purchased approximately $513 million worth of Bitcoin in May, and the Trump Media & Technology Group plans to establish a Bitcoin reserve worth $2.5 billion. 📈
📊 *Analysis* 📊
The rise in Bitcoin's price is attributed to positive expectations around supportive crypto legislation and increased Bitcoin purchases by major institutions.