US Regulatory Push Boosts Bitcoin to New Heights

Bitcoin has reclaimed the $80,000 level, maintaining its bullish near-term bias. The cryptocurrency market's risk-on sentiment continues to hold strong, with the Fear and Greed Index around 72 on Monday.

The US Securities and Exchange Commission (SEC) granted an 'Innovation Exemption' for trading tokenized stocks last week, while the Commodity Futures Trading Commission (CFTC) submitted a Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets proposal to the Office of Management and Budget. This push to establish a regime for the crypto market is boosting investor demand.

Venice Token has traded at a record high of $31.40, extending its strong bullish phase. NEAR Protocol has also scaled higher, reaching fresh annual highs after an 81% rally last week.