Bitcoin Edges Higher After Senate Passes Stablecoin Bill — Market Talk

Bitcoin rises slightly after the Senate passed legislation to regulate stablecoins, a widely used cryptocurrency typically pegged to a government currency such as the dollar. The bill is the first to establish federal guardrails on digital currencies and will now move to the House where is expected to pass. It marks a major milestone for the industry, raising hopes for further legislation to improve the legitimacy of cryptocurrencies and thereby bolstering demand. Bitcoin rises 0.4% to $104,804, according to LSEG. Gains are limited as investors remain cautious on risky assets amid the conflict between Israel and Iran. ([email protected])