U.S. Regulation is Driving Crypto Demand — Market Talk
U.S. regulatory milestones have been key to boosting demand for cryptocurrencies this year, TP ICAP digital assets director Hina Joshi says in a note. "Regulation really has been front and centre driving everything within the crypto market and it's the new administration in the U.S. that is really pushing crypto forward." The House this week passed legislation that provides a regulatory framework for stablecoins and the wider crypto market. Bitcoin last trades down 0.5% at $118,828, having reached a record high of $123,153 on Monday, LSEG data show. ([email protected])