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Bitcoin's $200,000 Target Hinges on the CLARITY Act

Bitcoin's $200,000 Target Hinges on the CLARITY Act

The bill is meant to clarify oversight between the SEC and CFTC, but it is running into strong political resistance in the Senate. Analysts say a much higher Bitcoin price only becomes possible if it moves through quickly.

Bitcoin is the first and largest cryptocurrency in the world.

Bitcoin was designed as digital money without a central party. The network uses blockchain technology and is often seen as a digital alternative to gold.