Senate banking chairman Scott: Trump-tied ethics clash doesn't belong in his crypto bill

Senator Cynthia Lummis announced that the Senate Banking Committee may postpone its hearing on the crypto market structure bill, which was originally set for Thursday, according to a report by Bloomberg. This delay could impact the timeline for regulatory developments in the cryptocurrency sector.

Bitcoin's recent breakout above $95,000 has sparked renewed interest in the cryptocurrency market, leading to the liquidation of nearly $700 million in short positions. This surge in price reflects a growing risk appetite among investors, with market strategists suggesting that the rally has potential for further gains.

The DeFi Education Fund has urged the Senate Banking Committee to reject proposed amendments to the crypto market structure bill during its upcoming markup session. The organization expressed concerns about the implications of these amendments on the decentralized finance sector, emphasizing the need for a regulatory framework that supports innovation rather than stifling it.

Bitcoin has surged past $97,000, marking a significant rally as investors increasingly seek haven assets amidst economic uncertainties. This price movement reflects a growing bullish sentiment in the cryptocurrency market, with Bitcoin's recent performance pushing related equities higher.

Internet Computer (ICP) has surged by 13% as part of the CoinDesk 20 index performance update, reflecting a positive trend in its trading activity. This increase comes amidst a broader rise in the index, which has seen various constituents performing well.

Bitcoin has surged past $94,500, marking a significant breakthrough that has energized the crypto markets and led to substantial liquidations of short positions, particularly benefiting altcoins. This upward movement indicates a shift in market sentiment towards a more bullish outlook.