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Bitcoin surged to a record high of $123,000 as the US House of Representatives kicked off ‘Crypto Week,’ featuring debates on key regulatory legislation. The GENIUS Act, aimed at stablecoin regulation, is at the center of discussions, with proponents and critics divided on its impact.
- Bitcoin surged to a new all-time high of $123,200, marking a 90% year-to-date increase.
- The US House is debating the GENIUS Act, a bill to regulate stablecoins, amid 'Crypto Week.'
- Bitcoin ETFs have driven institutional adoption, with assets surpassing $158 billion.
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