Bitcoin rallies past $120K as lawmakers near key crypto legislation. Explore fresh highs, corporate treasury moves, and market outlook.

Bitcoin reached a new all-time high on Monday, as investors looked forward to a busy week for crypto legislation. The price of bitcoin jumped around 3% briefly on Monday, trading as high as $123,166 — a new record for the crypto. After hitting this level, bitcoin cooled slightly, falling below $120,000.

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.