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Bitcoin kicked off the week in green territory, holding steady around $92k as the broader crypto market showed upside momentum. But the real headline grabber this week? Monero's explosive 15% rally that pushed XMR to a fresh all-time high of $680—a serious move for the privacy-focused asset.
On the policy front, the US Senate dropped a draft crypto market structure bill that's drawing scrutiny from the community. The key sticking point: the proposal would prohibit stablecoins from earning interest, which could reshape how these assets function in DeFi and trading ecosystems.
Meanwhile, Michael Saylor wasn't sitting on the sidelines. MicroStrategy's chairman pulled the trigger on another $1.25B Bitcoin purchase, adding more fuel to the institutional adoption narrative. The aggressive accumulation continues as major players double down on conviction.