<\/p>\n\n\n\n
Bitcoin rose on Thursday, extending a recent recovery as markets digested developments around a proposed U.S. bill aimed at establishing a regulatory framework for cryptocurrency.<\/p>\n\n\n\n
The world\u2019s largest crypto rebounded from a sluggish start to the year after top corporate holder Strategy disclosed a major purchase this week. Still, Bitcoin remained well below the $100,000 level, with overall risk appetite for crypto assets staying under pressure.<\/p>\n\n\n\n
Bitcoin climbed 1.4% to $96,370.1 by 00:05 ET (05:05 GMT), marking its strongest level in two months.<\/p>\n\n\n\n
U.S. Senate Delays Crypto Bill After Coinbase Pushback<\/strong><\/p>\n\n\n\n The U.S. Senate Banking Committee said on Wednesday it had postponed discussion of a proposed crypto bill, just hours after Coinbase CEO Brian Armstrong voiced opposition to the measure.<\/p>\n\n\n\n Senator Tim Scott announced that the discussion, originally set for Thursday, had been delayed.<\/p>\n\n\n\n Armstrong criticized several elements of the bill, including a proposed ban on tokenized equities, restrictions on decentralized finance, reduced oversight by the CFTC, and draft amendments that could eliminate rewards on stablecoins.<\/p>\n\n\n\n \u201cThis version would be materially worse than the current status quo. We\u2019d rather have no bill than a bad bill,\u201d Armstrong said.<\/p>\n\n\n\n Coinbase, the largest crypto exchange in the United States, is a major stakeholder in the regulatory process and was a significant donor to pro-crypto entities during the 2024 election cycle.<\/p>\n\n\n\n The crypto industry has long pushed for a comprehensive regulatory framework to clarify whether digital tokens should be treated as securities or commodities.<\/p>\n\n\n\n Altcoins Lag as Risk Appetite Remains Weak<\/strong><\/p>\n\n\n\n Broader crypto prices lagged Bitcoin\u2019s advance, as risk appetite across markets remained fragile amid elevated geopolitical tensions, including concerns over potential U.S. action in Venezuela and Iran.<\/p>\n\n\n\n Despite Bitcoin\u2019s recovery, the asset continued to trade at a discount on Coinbase compared with global averages, a trend in place since mid-December, signaling weak U.S. retail demand.<\/p>\n\n\n\n Among major altcoins, Ether fell 0.6% to $3,312.22, XRP dropped 2.4%, and BNB slipped 0.5%. Solana was flat, while Cardano fell 4.6%.<\/p>\n\n\n\n In the memecoin space, Dogecoin declined 2.7%, and $TRUMP shed 4.1%.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin rose on Thursday, extending a recent recovery as markets digested developments around a proposed U.S. bill aimed at establishing a regulatory framework for cryptocurrency. The world\u2019s largest crypto rebounded from a sluggish start to the year after top corporate holder Strategy disclosed a major purchase this week. Still, Bitcoin remained well below the $100,000 …<\/p>\n","protected":false},"author":9,"featured_media":98174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-122668","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=122668"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122668\/revisions"}],"predecessor-version":[{"id":122669,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/122668\/revisions\/122669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98174"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=122668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=122668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=122668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}