Regulation and a key pardon boosted bitcoin

The price of Bitcoin reaches USD 106,143 amid regulatory changes and political surprises.

On a day of strong movements, the price of Bitcoin closed this Tuesday with a notable increase of 3.80%, reaching USD 106,143. This rise is closely linked to the new cryptocurrency regulation policy of the SEC and an unexpected pardon that could change the course of the bitcoin market.

Bitcoin price not only stayed at $106,143, but also reached a high of $107,240 on Binance, accompanied by a trading volume that exceeded the 25-day average / Tradingview

Regulations that make a difference

The United States Securities and Exchange Commission (SEC) began to implement a clearer regulatory policy for the cryptocurrency sector. On January 21, the SEC announced the creation of a working group led by Commissioner Hester Peirce, known as "Crypto Mom." She advocated for the development of a regulatory framework that favors digital assets. This group will collaborate with other federal agencies, including the Commodity Futures Trading Commission, under the direction of Caroline Pham.

Trump's silence and Ulbricht's pardon

Meanwhile, President Donald Trump remains conspicuously silent on his stance on cryptocurrencies. He did, however, sign a full pardon for Ross Ulbricht, the creator of Silk Road, a dark web marketplace that used Bitcoin as a means of transaction. Ulbricht was serving a life sentence for several crimes, and his release has been a constant demand from the crypto community, which considers his punishment excessive.

Bitcoin and the crypto market in numbers

The price of Bitcoin not only stayed at USD 106,143, but reached a high of USD 107,240 on Binance, accompanied by a trading volume that exceeded the 25-day average. The fear and greed index marked 66 points, entering the greed zone, reflecting the optimism in the market. Additionally, the total cryptocurrency market capitalization reached $3.64 trillion, and the capital flow into Bitcoin ETFs was positive, with $138.7 million on Monday.

With a bull market that favors Bitcoin and the rest of the cryptocurrencies, the combination of a clearer regulatory framework and the Ulbricht pardon could usher in a new chapter in the history of cryptocurrencies. The crypto community is watching closely how these changes may affect not only the price of Bitcoin, but also its perception and acceptance globally.

Disclaimer: This news is for informational purposes only and should not be considered as financial advice. Investing in cryptocurrencies involves significant risks.