Bitcoin Sets New All-Time High

Topline

Bitcoin reached an all-time high on Wednesday, surpassing a record set shortly after President Donald Trump’s inauguration, after the Senate advanced further regulations on some cryptocurrencies earlier this week, sparking a broader crypto market surge and regulatory optimism.

The Senate advanced regulations for stablecoins earlier this week, following support from the … More broader crypto industry.

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Key Facts

The price of Bitcoin briefly peaked at $109,450.50 earlier Wednesday, surpassing a previous all-time high of $109,228 on Jan. 20, though the crypto has since fallen to just over $108,480.

This is a developing story and will be updated.

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