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Bitcoin price today July 29: Move up to $29,300

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COINBASE:BTCUSD   Bitcoin
The capitalization of bitcoin today increased slightly to $570 billion, representing 48.1% of the cryptocurrency market. The total market capitalization recorded at 7:15 am is 1.184 billion USD, an increase of 6 billion USD compared to 24 hours ago. At the same time, the 24-hour trading volume in the market decreased by about 2.45% compared to July 28, to $ 26.22 billion.

According to CNBC, ahead of the August vacation of legislators, the US Congress has taken great strides when it comes to passing a number of legal regulations to regulate digital assets.

Specifically, on July 27, the House Financial Services Committee passed a resolution to establish a clear regulatory framework for the issuance of stablecoins (stable money) used in payments. The bill also allows new stablecoin issuers to enter the market under certain conditions.
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On the evening of July 27, the Senate passed a major defense funding bill, which includes a number of measures to prevent cryptocurrencies from being used for illegal purposes as well as to combat cryptocurrency transactions. incognito.
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