Bitcoin hit another record on Monday, marking another milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins.

Bitcoin price soared past $120,000 for the first time early Monday. The crypto continued its bull run at the start of what has been coined “Crypto Week” as three key bills, important for the sector, make their way through Congress over the next five days.

Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday.