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I saw that the stocks of some cryptocurrency platforms have had a nice boost these days. Bitcoin is breaking records, it’s now over $81,000. I think it has to do with this Clarity Act that’s moving forward, you know? It seems like the market is responding well to these regulatory changes.
Circle is leading this rise, along with other exchanges. When we see regulatory movement like this, the whole market moves. It’s like that effect on the coin we follow – when one thing changes in policy, everything moves together.
The interesting thing is that it’s not just the currency itself that goes up, but the companies working with it also gain ground in the stock market. It’s becoming more and more institutional.