Bitcoin passed a record milestone of $120,000 a token on Monday as US lawmakers prepared to consider a number of bills aimed at creating clearer regulatory frameworks for digital assets. The world’s largest cryptocurrency climbed 2.

Bitcoin has surged past $1,22,000, marking a significant rise driven by bullish investor sentiment and favourable policy developments, with increased institutional inflows highlighting its growing appeal.

Bitcoin jumped past $122K as Crypto Week began, doubling in a year on rising institutional demand and momentum around US crypto bills.