In the latest cryptocurrency news, ARK Invest’s Cathie Wood has reaffirmed the ongoing Bitcoin bull market, sparking optimism among investors. This comes as over $1 billion in Bitcoin was transferred from a dormant wallet after 14 years, coinciding with Bitcoin nearing a new all-time high. Analysts are closely watching this movement, as it could indicate potential selling activity from large holders. Meanwhile, the U.S. House has designated July 14 as ‘Crypto Week’ to advance significant digital asset legislation, including the CLARITY Act and the Anti-CBDC Surveillance State Act, aiming to establish a clearer regulatory framework. In Asia, Hong Kong is positioning itself as a potential crypto hub following Singapore’s crackdown on unlicensed firms, with expectations of increased liquidity and regulatory advancements. As the crypto landscape evolves, institutional interest in Bitcoin continues to grow, with firms like Belgravia Hartford and Green Minerals increasing their BTC holdings, reflecting a broader trend of corporate engagement in the digital asset space.
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