Since the just as U.S. lawmakers started a week focused on passing laws that support cryptocurrency. The prices if Bitcoin has seen rising and reached a new record high.
Impact of U.S. Legislation on Bitcoin Prices and the Bull Run
Data from the CoinGecko has shown a slight change of $118, 858 Bitcoin from the early $124,115 Bitcoin. There is a high expectation that the bitcoin will hit more than $130,000 mark ahead of its completion of Bull run in 2026. The crypto bull run is likely to continue until at least March 2026, with the total market value expected to be between $8 trillion and $14 trillion.
Excitement around Bitcoin is growing as the U.S. House prepares to discuss several new crypto-related laws during what’s being called “crypto week” in Congress. Lawmakers are facing pressure to move fast, pushed by both President Donald Trump and the powerful crypto industry.
Trump, who used to doubt the crypto world, now promises to turn the U.S. into the global center for crypto. At the same time, he and his family have jumped deep into the industry getting involved in bitcoin mining, buying billions in bitcoin, launching a new stablecoin, and even backing a Trump-themed meme coin.
