Bitcoin price has reached a new high, breaking through the $117,000 mark, attracting widespread attention in the market. Behind this round of rise is a series of significant Favourable Information.

First, the U.S. government officially approved 401(k) retirement accounts to invest in Bitcoin. This decision is expected to bring hundreds of billions of dollars of potential funding to the cryptocurrency market. This marks a shift of Bitcoin from a speculative tool to a national-level asset allocation option, significantly enhancing its status within the traditional financial system.

Secondly, the clarification of the regulatory environment has also injected confidence into the market. The passage of the GENIUS Act has established federal-level regulations for stablecoins, while the SEC's launch of the Project Crypto reform plan is expected to completely eliminate the regulatory uncertainties faced by the cryptocurrency industry.

These favourable factors have triggered a frenzy of positioning by institutional investors and a large-scale inflow of whale funds. The market generally believes that Bitcoin hitting the $120,000 mark is just a matter of time, and this may just be the prologue to the revolution of crypto assets.

However, despite the strong market sentiment, investors still need to be cautious. The high volatility of the cryptocurrency market still exists, and any significant policy changes or market events could trigger sharp fluctuations.

In any case, the current market trend undoubtedly indicates that the cryptocurrency industry is entering a new stage of development. With the improvement of regulations and the increase in mainstream acceptance, digital assets may play an increasingly important role in the global financial system.