Bitcoin ($BTC ) recently surged to a record high of $111,769, driven by optimism surrounding pro-crypto regulatory developments and institutional adoption. The advancement of the GENIUS Act in the U.S. Senate, aiming to regulate the stablecoin market, has bolstered investor confidence. Additionally, President Trump's media company announced plans to raise $2.5 billion to invest in Bitcoin, further fueling the rally.
Currently, Bitcoin is trading at approximately $107,659, reflecting a slight decrease of 1.6% from its previous close. $XRP is trading at around $2.28, down 2.1%, with a recent high of $2.35.
Market analysts suggest that while the current momentum is strong, investors should remain cautious and monitor upcoming economic indicators, such as the U.S. personal consumption expenditures (PCE) index, which could impact risk asset investments like cryptocurrencies.
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