Bitcoin hits a new high as the US encryption regulatory bill draws follow

According to 【Bitpush】 data, Bitcoin prices have turned to rise. This crypto asset surged to a historical high of $123,153 on Monday, before pulling back due to profit-taking. However, cryptocurrency investors are following the potential legislation related to crypto assets that the U.S. may introduce. During this week known as "Crypto Week", the U.S. House of Representatives will review three bills aimed at comprehensive reform of U.S. cryptocurrency policy. An analyst from a certain digital asset department stated in a report that this could pave the way for greater institutional adoption of crypto assets and drive further pump of Bitcoin. She said: "Bitcoin's role as 'digital gold' in investment portfolios is becoming increasingly important."