There is new progress in the legislation of the U.S. "Cryptocurrency Market Structure Act." Two committees under the Senate will discuss the "Cryptocurrency Market Structure Act" respectively this Thursday and at the end of the month. This has driven Bitcoin to break through $97,000 on Wednesday (14th), reaching a two-month high; Ethereum also rose back above $3,300. Blockchain technology consultant Li Sichong also told Sing Tao Headlines that as U.S. regulations gradually take effect and financial institutions actively enter the market, coupled with political instability in Venezuela and Iran, cryptocurrencies are "lagging behind" among various assets. He personally is optimistic that Ethereum will perform better than Bitcoin this year. In fact, Bitcoin, regarded as "digital gold," unexpectedly fell more than 6% last year. Although it has rebounded 8% this year, the overall increase remains less than 2%, far behind gold's more than 76% rise since 2025.
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There is new progress in the legislation of the U.S. "Cryptocurrency Market Structure Act." Two committees under the Senate will discuss the "Cryptocurrency Market Structure Act" respectively this Thursday and at the end of the month. This has driven Bitcoin to break through $97,000 on Wednesday (14th), reaching a two-month high; Ethereum also rose back above $3,300. Blockchain technology consultant Li Sichong also told Sing Tao Headlines that as U.S. regulations gradually take effect and financial institutions actively enter the market, coupled with political instability in Venezuela and Iran, cryptocurrencies are "lagging behind" among various assets. He personally is optimistic that Ethereum will perform better than Bitcoin this year. In fact, Bitcoin, regarded as "digital gold," unexpectedly fell more than 6% last year. Although it has rebounded 8% this year, the overall increase remains less than 2%, far behind gold's more than 76% rise since 2025.