After the suspension of tariff policies by the Trump administration, the virtual asset market has continued to thrive, with Bitcoin reaching an all-time high.
As of 7:50 a.m. on the 22nd, Bitcoin is trading at $108,879, an increase of 2.04% from the previous day, according to the global virtual asset market tracking site CoinMarketCap. Ethereum, the second-largest by market capitalization, is also trading at $2,538, up 1.06% from the day before, while Ripple has recorded $2.39, a rise of 2.11%.
On that day, Bitcoin recorded $109,493 on the U.S. virtual asset exchange Coinbase, surpassing the previous high of $109,358 set on Jan. 21. This is the highest price in four months.
It appears that news regarding regulations surrounding the virtual asset market has positively impacted prices. The U.S. Senate passed the 'Stablecoin Act' on the 19th. Additionally, news that the Texas House passed a bill allowing Bitcoin and other cryptocurrencies to be held as strategic asset reserves on the 20th has also contributed to the price increase.