Bitcoin Rises to 8-Month High on Regulatory Progress, Improved Risk Sentiment
Dow Jones18:02
1002 GMT - Bitcoin rises to an eight-month high, supported by progress in U.S. cryptocurrency regulation and a broad-based pickup in risk appetite. The U.S. Securities and Exchange Commission has introduced a five-year exemption for platforms that facilitate trading tokenized stocks and other securities through blockchain technology. Risk sentiment is helped by a continued easing of oil prices on signs that tankers are transiting the Strait of Hormuz and renewed diplomatic efforts. There is also optimism ahead of a summit between President Trump and Chinese leader Xi Jinping on Thursday where discussions on AI and broader trade are expected. Bitcoin rises 4.7% to as high as $85,117, LSEG data show.
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