Bitcoin has nearly doubled in value over the past year, recently touching $123K before settling around $116K. Unlike past rallies, this surge is being driven by growing institutional demand, massive ETF inflows, and rising adoption from major firms like BlackRock and GameStop. Spot Bitcoin ETFs traded on U.S. exchanges have now amassed more than $150 billion in assets. Meanwhile, Congress is actively discussing crypto regulation during “Crypto Week,” with bills that may reshape the legal landscape. The proposed Clarity Act could finally provide clear oversight, giving the CFTC control over digital commodities like Bitcoin — paving the way for broader institutional involvement.
Credit: CNBC
