Bitcoin Blasts Past $120K as U.S. Lawmakers Embrace Crypto Week

Bitcoin surged past $120,000 for the first time, setting a new all-time high in early Monday trading.

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The price reached $120,290, marking a 1% daily gain and nearly 15% rise over the past month.

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Momentum is building as crypto legislation gains traction in the U.S. House of Representatives.

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Dubbed “crypto week,” lawmakers are set to debate regulatory reforms favorable to the industry.

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Investors are responding to greater legal clarity and rising institutional confidence in digital assets.

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New tools, like updated spot Bitcoin ETFs, have also contributed to surging demand.

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Analysts view the rally as more stable than past cycles due to broader market participation.

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This breakout reinforces Bitcoin’s role as a maturing asset class amid shifting U.S. policy.

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With regulation possibly becoming clearer, the bullish trend could extend beyond short-term gains.

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How Much Should You Earn in a Month to Buy 1 Bitcoin?

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