Bitcoin reaches new record at over $ 123,000

After hopes of loosening the trade rules, the best -known cryptocurrency climbs to a new record high. In the United States, the “Crypto Week” is about to decide on the cryptom market.

The Bitcoin started the week with a course jump to a record high of just over $ 123,000. Experts refer to the current “Crypto Week”. This week there are important legal decisions in the USA that could shape the crypto market.

Specifically, the US Congress wants to advise and coordinate about three legislation that should create a positive environment for cryptocurrencies. The prospect of further loosening of regulation in the United States is likely to keep risk appetite alive, says expert Timo Emden from Emden Research.

Order in Crypto jungle

With the so-called Clarity Act, the congress wants to ensure clear rules on the US cryptoma market. In the future, digital assets should clearly be classified either as a securities (then the US stock exchange supervisory authority SEC) or as a digital goods (the regulatory authority CFTC) is classified.

Companies that work with cryptocurrencies are intended to manage customers separately, disclose conflicts of interest and register with the authorities. The draft law is also intended to create security for developers and prevent innovative projects from migration abroad.

No digital currency from the state

The anti-CBDC Surveillance State Act is directed against the introduction of a state digital currency, a so-called Central Bank Digital Currency (CBDC). The US Federal Reserve's US Federal Reserve will then not publish CBDC directly or through third parties to citizens. Use as a monetary policy instrument would also be prohibited. The Republicans argue that a state -controlled, programmable currency could undermine the financial privacy and abuse as a surveillance instrument.

With the third legislation – the Genius Act – the legal framework for stable coins is to be created. These are digital currencies that are coupled to the US dollar. According to the design, these coins must be fully covered with secure assets such as US state bonds or cash. Providers should be obliged to disclose their reserves transparently and to secure creditor rights in the event of bankruptcy. Payments with stable coins should become faster and cheaper.

Opportunities and risks of the Regulatoryacceptance

“The fact that the US representative house declares the week of July 14th on the cryptocoche despite the economic herd of fire underlines the politically high priority of Bitcoin and Co under the leadership of US President Donald Trump,” says the analysis of Emden. Since its election success last November, the value of the bitcoin has increased around three quarters.

“However, investors should keep in mind that the dismantling of regulatory hurdles can also bring potential risks and side effects.” The smoldering trade dispute can also catch investors on the wrong foot at any time. The announcement of tariffs on EU imports in the United States in the amount of 30 percent slightly gave in Bitcoin at the weekend.

New environment for Bitcoin

Analyst Rachael Lucas from the BTC Markets trading platform does not want to rule out short -term profit from Bitcoin. However, it also referred to a comparatively strong demand for listed Bitcoin funds (Exchange Traded Funds).

For Ulli Spankowski, bison boss, the new record underlines the increasing establishment of cryptocurrencies in the global financial system. “According to Spankowski, the market structure has changed fundamentally, also more mature infrastructures and clear regulatory framework.

“The trend is still supported by a crypto-friendly US policy and increasing acceptance in the emerging countries,” explains the analyst Ipek Ozkardeskaya from Swissquote Bank.