Bitcoin (BTC) rose by 3.0% to $109,564 this
week, returning to the resistance zone of $108,000–110,000 and now facing a key
turning point. It could either pull back to the $103,000–105,000 area or
attempt a breakout to new all-time highs. All of the gains occurred on Monday,
with prices peaking at $110,642 — just shy of the record $111,955.
The rally is being linked to unexpected
comments from SEC Chair Paul Atkins, who instructed staff to explore regulatory
exemptions for DeFi projects.