BTC Just Exploded Past $111K, Here's What's Driving It Now
BTC past $111K has become reality, and at the time of writing, the cryptocurrency is sitting at $111,251 with a pretty solid 3.9% gain. This Bitcoin price surge comes as the stablecoin bill is advancing through Congress, which is reducing crypto market volatility concerns and those Bitcoin investment risks that previously kept institutional players on the sidelines. Source: CoinGecko Also Read: Uber: JPMorgan Raises Price Forecast for UBER Stock Tracking Bitcoin Price Surge Amid Stablecoin Bill And Market Risks Source: Watcher Guru Stablecoin Bill Drives BTC Past $111K Right Now The Senate just voted to advance the GENIUS Act, which is America’s first stablecoin legislation, and this is creating regulatory clarity that’s really pushing BTC past $111K levels. This Bitcoin price surge reflects reduced crypto market volatility as institutional Bitcoin investment risks are starting to diminish. The crypto industry-backed bill in the Senate is set for debate and could pass as soo...