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<p>Bitcoin reached an all-time high on Wednesday, surpassing a record set shortly after President Donald Trump’s inauguration, after the Senate advanced further regulations on some cryptocurrencies earlier this week, sparking a broader crypto market surge and regulatory optimism.</p>
<figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/682df4375768842577d1a52d/Illustration---Novelty-Bitcoins/960x0.jpg?cropX1=0&amp;cropX2=3463&amp;cropY1=358&amp;cropY2=2308" alt="Illustration - Novelty Bitcoins" width="100%" height="auto"></div><figcaption><fbs-accordion classname="expandable" current="-1"><p class="color-body light-text" role="button">The Senate advanced regulations for stablecoins earlier this week, following support from the <span class="plus" data-ga-track="caption expand">... More</span><span class="expanded-caption"> broader crypto industry.</span></p></fbs-accordion><small>Getty Images</small></figcaption></figure>

 <div class="key-facts-element"> <p>The price of Bitcoin briefly peaked at $109,450.50 earlier Wednesday, surpassing a previous all-time high of $109,228 on Jan. 20, though the crypto has since fallen to just over $108,480.</p>  </div>


<em>This is a developing story and will be updated.</em>

The Senate advanced regulations for stablecoins earlier this week, following support from the broader crypto industry.{ai:summary}<p>Bitcoin reached an all-time high of $109,450.50, surpassing its previous record from January 2021. This surge follows the Senate's advancement of regulations on stablecoins, which has generated optimism within the broader cryptocurrency market.</p><p>The price has since decreased to just over $108,480. #economy</p>

Bitcoin Sets New All-Time High

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