What is the biggest US crypto news today? Bitcoin’s market cap flips Google and is closing in on Amazon. Kiyosaki says BTC to $500K.

Bitcoin hit an all-time high after the advancement of stablecoin legislation in the US stoked hopes of regulatory clarity under President Donald Trump.

Bitcoin rose to a new all-time high on Wednesday, breaking its January record. The price of the flagship cryptocurrency was last higher by 2% at $108,955.10, according to Coin Metrics. Earlier, it rose as high as $109,500.

Experts said the bill's passage could be a "watershed," allowing crypto to gain a stronger foothold in mainstream financial markets.

The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced sell-off.

At a “crypto summit” on Tuesday held by Eric Adams — the controversial mayor of New York City who recently escaped several federal corruption charges — crypto CEOs and investors made an open plea: please get rid of state crypto regulations so we can write our own and turn the Big Apple into a “crypto sanctuary city.”

Bitcoin hit a new all-time high (ATH) of $109,377 on May 21, thanks to the recent bullish rally. It is expected that it will soon breakout to the $110,000 price level. Bitcoin is not only the world's first decentralized cryptocurrency, it is also the largest one with a market cap of $2.13 trillion.

Bitcoin's price is creeping back toward all-time highs this week, but one options trade is eyeing much bigger gains in the month ahead.