Bitcoin surged above $95,000 on Wednesday, while other cryptocurrencies also rose, buoyed by regulatory optimism that sparked a strong rally in digital assets.
The Senate Banking Committee is expected to meet on Thursday to consider the much-anticipated Digital Asset Market Clarity Act, following the release of a draft earlier this week, News.Az reports, citing foreign media, News.Az reports, citing foreign media.
According to the committee, the bill aims to ensure that “ordinary Americans have the tools, information, and protections they need to safely participate in digital asset markets.”
The momentum of progress in crypto market structure legislation has boosted digital assets. At the start of the day, Bitcoin was trading at $95,148, up 3.6% over the past 24 hours. It was the first time since November that the world’s largest cryptocurrency surpassed the critical threshold of $95,000. Bitcoin has gained 9% so far in 2026, but remains about 25% below its record high of more than $126,000, reached in October.
Ethereum, the second-largest cryptocurrency, rose 6.5% to $3,335, while popular altcoin XRP rose 4.1% to $2.15.
Securities and Exchange Commission Chairman Paul Atkins commented on He added: “It’s a big week for crypto.”
News.Az
