Bitcoin Surges to Highest Level Since June Amid Crypto Legislation Frenzy
BTC climbed to its highest level since June on Thursday, buoyed by short liquidations and renewed focus on crypto legislation. The SEC proposed creating two registration exemptions for token offerings, and US President Donald Trump met with crypto industry executives at the White House.
This may have contributed to a surge in smaller cryptocurrencies such as ether [ETH]. Standard Chartered Bank's head of crypto, Geoffrey Kendrick, told Forbes that investors should position for a move to $100,000 by year-end 2026.