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      tldr; Bitcoin surged to $106,000, marking its highest weekly close ever and a market capitalization of $2.11 trillion. Factors driving the rally include President Trump’s proposed remittance tax, which may push migrants toward crypto, and upcoming U.S. regulation on stablecoins. The Genius Act, aimed at regulating stablecoins, is set for Senate debate. Bitcoin’s price has seen volatility this year, including a sharp drop in April, but recent developments have fueled renewed investor interest.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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