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Bitcoin hit an all-time high on Monday at $123,153, another milestone after breaking above the $120,000 barrier for the first time. The new milestone again emphasizes the speedy ascent of the globe’s top cryptocurrency in recent weeks.
The rally comes ahead of the start of the US ‘crypto week’, during which lawmakers will consider a series of bills designed to help clear up the regulations for the virtual asset space.
Bitcoin has surged more than 60% since last November’s US presidential election, where Donald Trump won a second White House term, reports Reuters. So far this year alone, the digital currency is up about 30%, driving renewed hope throughout the broader crypto market in recent trading days.
