Economy
Bitcoin Rises to Highest Level Since January
Bitcoin reached a peak of $85,229 on Monday, marking its highest level since late January and a 7% increase over five days. This surge follows a strong weekly gain in August and brings the cryptocurrency nearly 35% higher than three months ago, though it remains below the October record of $126,000. The price rise occurs amid regulatory uncertainty in the US, where the Senate recently blocked the Clarity Act, which would have clarified SEC jurisdiction over crypto assets. In contrast, the EU has implemented MiCA regulations since 2024, with the European Commission currently considering further tightening of these rules.
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