Bitcoin exceeded the 120,000 mark for the first time on Monday, marking a significant achievement for the leading cryptocurrency as investors anticipate long-awaited policy victories for the sector this week.
Bitcoin reached an all-time high of 121,207.55 during the Asian trading session on Monday, before retracing slightly to close up 1.6 at 121,015.42.
The recent increase in bitcoin, which has risen 29 this year to date, has fueled a wider rally among other cryptocurrencies in recent sessions, despite the turmoil surrounding Trump's tariffs .
Ether, the second-largest cryptocurrency, reached a high not seen in over five months at 3,050.90, while both XRP and Solana rose by approximately 3.
The U.S. House of Representatives is expected to begin discussions on several bills on Monday aimed at providing the digital asset sector with the regulatory framework it has long sought.