By Ajibola Fowowe
It has been a rollercoaster for the crypto kingpins over the course of the weekend.
As Bitcoin overtakes the US$120,000 level for the first time on Monday (Jul 14), marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.
According to Business News, Starting on Monday, the US House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded.
Those demands have resonated with
US President Donald Trump, who has called himself the “crypto president” and urged policymakers to revamp rules in favour of the industry.
Expectations of further tailwinds for the industry helped propel bitcoin to yet another record high of US$121,207.55 in the Asian session on Monday. It last traded 1.5 per cent higher at US$120,856.34.
This recent developments served as a wake up call to fiscal financial houses across the the continent.
In similar twists will biticon and crypto over power physically minit across the world?.
