Bitcoin hits a new all-time high as stablecoin regulatory framework looms.

[Bit Push] The price of Bitcoin has once again refreshed its historical high today, reaching $118,389.8, while the encryption fear and greed index has risen to 72. In the past 24 hours, the market's Get Liquidated amount has reached $1.17 billion, with short orders accounting for as much as 89%. Additionally, Trump announced a 35% tariff on Canada, and there are reports of disagreements on the tariff agreement with Vietnam, further raising inflation and geopolitical economic risks. On the other hand, the market is focused on the "GENIUS Act," which is expected to be submitted to the House for a vote next week. This act will establish the first regulatory framework for stablecoins in the United States and is likely to become a significant legislative achievement in encryption policy during Trump's term, presenting Favourable Information for the overall market.