🚀Bitcoin price could surge to $500k, crypto millionaire predicts
Bitcoin price bounced back on Wednesday, ending a two-day retreat that pushed it near the $90,000 level.
3.51%
Bitcoin rebound happened after a major court victory by Tornado Cash, a crypto mixer. In a ruling, a three-judge bench said that it was wrong to sanction its smart contract. Coinbase, the biggest crypto exchange in the US was part of the companies that supported the company.
This victory means that the crypto industry is securing some legal wins in the US, which will lead to more regulatory clarity. On top of this, there is a rising hope that Donald Trump’s administration will be friendly to the crypto sector.