Bitcoin has mounted an impressive recovery in the last couple of weeks—but its rally has hesitated amid concerns over the U.S. infrastructure bill’s potential impact on the crypto industry.
Just two weeks ago, Bitcoin was battling to stay above the key $30,000 level.
The leading cryptocurrency then mounted a massive recovery, smashing through $40,000 and reaching a local high on Sunday of $42,628.50, according to CoinGecko.
The breakout marked the end of what has been a sluggish summer for many crypto enthusiasts.
And thanks to a strong correlation with Bitcoin, many other cryptocurrencies mounted similar rises. Ethereum, the second-largest cryptocurrency by market cap, rose from lows of roughly $1,730 all the way to $2,672.
The U.S. infrastructure bill and crypto
The fireworks have since dimmed, however, as the industry took stock of details around a specific clause in a new $550 billion infrastructure bill in the U.S. The price of Bitcoin has since slipped below the key
Źródło: https://decrypt.co/77426/bitcoin-slips-below-40000-new-regulations-pose-serious-threat
