Bitcoin hits record high, market optimistic about increasing clarity in US regulation.

The price of Bitcoin has reached a new all-time high, following progress in stablecoin legislation in the United States. Investors are hoping for further clarification on regulations during Trump's term. The price of the world's largest cryptocurrency briefly rose to $109,500, surpassing the previous record high set around Trump's inauguration on January 20. Over the past few weeks, Bitcoin and the broader cryptocurrency market have been on a continuous rise, benefiting from a series of regulatory developments, including the advancement of the stablecoin bill in the US Senate. This industry-supported regulatory bill is currently preparing to enter full Senate debate, with a bipartisan group hoping to pass the bill as early as this week.