Bitcoin at all-time high as lawmakers focus on pro-crypto legislation
President Donald Trump, once a crypto skeptic, has become a major promoter of the industry.
Scripps News
July was good to Bitcoin, and some analysts think this may just be the warmup.
Although Bitcoin was last down 0.35% at $115,396.40, below its record peak of around $123,000, some analysts aren’t worried.
Tom Lee, managing partner and head of research at Fundstrat Global Advisors who predicted Bitcoin’s peak in 2024, has said he thinks Bitcoin willl reach $250,000 before the end of the year.
Bitcoin climbed to a record high on July 14 as weekly cryptocurrency investment products saw record weekly inflows, pushing the total crypto market to top $4 trillion for the first time ever.
With new legislation signed into law last month and skyrocketing institutional buying, there’s little doubt digital assets are becoming more mainstream, they say. Earlier in the year, crypto…
