Crypto Lobbyists Pitching Trump on Getting Things Done During Congress' Uncertainty

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.

A U.S. Senator has called on banking regulators to halt the approval process for a national trust bank charter application linked to a cryptocurrency firm backed by Donald Trump's family. This request comes amid concerns about potential conflicts of interest as Trump maintains financial ties to the venture.

Senator Tim Scott, chairman of the Senate Banking Committee, expressed his intention to advance the cryptocurrency market structure bill despite unresolved issues, indicating a desire for legislative progress in the crypto sector.

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.

The cryptocurrency market remained stable as traders awaited the U.S. Supreme Court's decision regarding tariffs imposed during Donald Trump's presidency, with Bitcoin's price rising to over $94,000. This stability follows the release of the December consumer inflation report, which has influenced market sentiment.