By This past week in the digital assets sector saw Bitcoin making headlines after it reached the historical milestone of $100,000, affirming its status as the dominant cryptocurrency in the market. This surge has added legitimacy to Bitcoin, compelling investors and financial entities to consider cryptocurrency as a legitimate asset class.
Moreover, in major regulatory news, former U.S. President Donald Trump has nominated Paul Atkins to become the new chair of the Securities and Exchange Commission (SEC). Atkins, known for his laissez-faire approach towards market regulation, could potentially steer the SEC towards a more lenient view on cryptocurrencies, thus fostering a more favourable ecosystem for digital assets.
Alongside this substantial personnel move and Bitcoin’s critical value leap, significant developments proliferated through the week. The digital assets segment saw numerous advancements, including vocal adoption advocates, institutional entrants and the overall burgeoning of the crypto space.
To round off this past week in the crypto world, the increased market involvement underscores the growing acceptance of digital assets. In aggregate, these developments show a bullish upturn in the cryptocurrency sphere, underpinning the robust case for investment in the digital assets market. Riding on the current wave, market experts predict continuous progression throughout the remainder of the year, marking a defining period for cryptocurrencies and blockchain technology.
Source: Cointelegraph
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