Bitcoin/ AFP
On Saturday, July 12, the Bitcoin encoded, on Saturday 12 July, decreased by 0.39% to 117,540.00 dollars, a day after it reached a historic summit exceeding 118 thousand dollars, amid anticipation of encrypted currency week in Congress.
On Friday, the Market of the Market of Bitcoin reached $ 2.33 trillion, with a trading volume of 24 hours to 110.3 billion dollars.
On Friday, a currency has climbed to the highest level ever with a batch of demand from investment institutions and policies supporting the encrypted currencies followed by the administration of US President Donald Trump.
This new achievement has sparked expectations with a series of new bets. On the organized expectations in the United States, KALSHI, a contract of $ 1.3 million, betting on when Bitcoin will exceed the barrier of $ 150,000.
Currently, Kalshi‘s betros only see a 1% chance to reach bitcoin to that scope before August.
Current currency week
At the legislative level, David Sachs, the White House advisor on encrypted currencies, announced that the week that starts from July 14 will be the “encrypted currency week” in the US House of Representatives, amidst the scheduling of a series of legal projects that may reshape the rules of the game in the digital asset market.
The Republicans announced a “encrypted currency week” started by the Finance Committee, and includes three projects: Claarite and Jinas, in addition to a project to ban the digital currency issued by the Federal Reserve Anti CBDC ACT.
According to Sachs, the Gencoins Act of Stablecoins is about to sign by President Trump, as it was approved by the Senate by a majority of 68-30 about two weeks ago.
As for the Claarity law related to the structure of the market and regulation, it is currently being prepared for the presentation of the Senate.
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