Patrick McHenry

Bitcoin breaks $60K for first time since November 2021

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The price of one bitcoin topped $60,000 on Wednesday for the first time since November 2021, when the world’s largest cryptocurrency hit its current record of nearly $67,000. The boom is a massive turnaround from a year ago, when bitcoin kicked off 2023 below $20,000 and economists were anticipating a wider recession. Bitcoin has rallied … Read more

Crypto PACs go into 2024 with $78 million

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Three allied political action committees funded by leaders of the cryptocurrency industry will be starting 2024 with a combined $78 million as they aim to be key influencers during the pivotal election cycle, the groups announced on Monday. The massive amount of cash that the PACs are prepared to use in support of likely pro-crypto … Read more