Bitcoin Soars Past $120,000
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Legislation now going through the House of Representatives has the aim of drawing billions of dollars more into the Ponzi scheme, which is the crypto market, as Bitcoin hit $120,000.
House Republicans are struggling with cryptocurrency legislation that they had expected to pass during what they dubbed “crypto week.”
Firms like GameStop and Trump Media are following the Michael Saylor playbook and treating bitcoin as a strategic reserve.
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Bullish tailwinds have boosted the world's largest cryptocurrency in the last week. The token's price broke above $120,000 for the first time on Monday.
The double-leveraged XXRP ETF rallied 55% over the last week ahead of the ProShares XRP ETF launch, matching Bitcoin ETFs. A high-profile ETF filing from the Trump Media & Technology Group has added to the buzz around crypto funds during the week.