Bitcoin is making a bold move by smashing the $120K barrier for the very first time! 🚀 On Monday, the world's largest cryptocurrency soared to a record high of $122,571.19 before settling at around $121,952.61, sparking excitement among investors.
In a major development, the U.S. House of Representatives is set to debate bills aimed at creating a robust regulatory framework for the digital asset sector. This move is seen as a crucial step toward legitimizing and stabilizing the crypto market.
The surge in Bitcoin has also ignited broader gains in the crypto space. Ether hit a five-month peak at $3,059.60, while Ripple and Solana enjoyed lifts of about 3% each. Experts believe strong institutional demand, along with supportive buzz from influential figures, is fuelling this bullish trend.
Gracie Lin, OKX's Singapore CEO, noted that Bitcoin is increasingly recognized as a long-term reserve asset—not just by retail investors, but by central banks and Asia-based investors too. This evolving perspective highlights a structural shift in how digital finance is shaping up globally.
For young, tech-savvy enthusiasts across South and Southeast Asia, these trends underscore an exciting era where digital finance is not just an innovation but a transformative force in our modern world!
Reference(s):
cgtn.com
