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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Bitcoin Prices Reach Record High of $118,705 Days Before Congress' Crypto Week

Bitcoin Crypto Tesla Inc. United States
Investor bet on further increases in Bitcoin prices. (Credit: Pixabay)

Bitcoin prices reached an all-time high of £87,626 ($118,705) during early Friday trading as investors pile cash across risk assets. The bullish momentum also drove prices of popular crypto tokens like Dogecoin, XRP, and Ether, as well as stocks of crypto trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN).

The surging crypto rally comes days before Congress kicks off 'Crypto Week' on 14th July, where policymakers will discuss multiple bills to shape the crypto industry's regulatory framework.

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