White House · Donald Trump · Bitcoin · CLARITY Act · Bitcoin Magazine
The price of the leading cryptocurrency shot up Monday by nearly 7% over a 24-hour period
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Digital asset industry bigwigs have been calling for clear rules to be put in place to regulate the fast-moving space.
Key facts
- Bitcoin’s price has shrugged off the bill’s collapse, and recently stood at $86,225 after touching as high as $86,247 Monday morning in New York
- On Thursday and Friday, investors bought nearly $593 million in shares in the products managed by BlackRock, Fidelity, and Grayscale, according to Farside Investors data
- The price of the leading cryptocurrency shot up Monday by nearly 7% over a 24-hour period, six days after lawmakers blocked the Clarity Act
- The asset’s price further benefited after U.S. President Donald Trump the same week hosted a meeting at the White House with crypto industry leaders and urged lawmakers to get what he called
Summary
The price of Bitcoin is surging, despite key crypto legislation taking a hit. Long-awaited crypto legislation failed last week, but Bitcoin buyers don’t seem to care. The price of the leading cryptocurrency shot up Monday by nearly 7% over a 24-hour period, six days after lawmakers blocked the Clarity Act. Bitcoin’s price has shrugged off the bill’s collapse, and recently stood at $86,225 after touching as high as $86,247 Monday morning in New York.