Key Takeaways Bitcoin powered past $112,000 to another record high yesterday, its first since late May, before consolidating in early trade on Thursday.Bitcoin’s price nudged above the top trendline of a descending channel Wednesday,

Crypto investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class.

House Republicans called the upcoming “Crypto Week” a step to make the U.S. the “crypto capital of the world.”