Bitcoin Breaks $120,000 for the First Time
On Monday, Bitcoin prices successfully broke the $120,000 level, a historic milestone for the world's largest cryptocurrency that had never been reached before.
In the Asian trading session on Monday, Bitcoin recorded a new all-time high at $121,207.55 before closing at $120,856.34. Throughout this year, Bitcoin has risen approximately 29%, indicating a strong bullish trend despite facing dynamic tariff policies.
This surge occurred amid investor optimism hoping for pro-crypto policy achievements since the beginning of this week. Starting Monday, the US House of Representatives is scheduled to debate a series of bills aimed at providing a regulatory framework for the digital asset industry, a demand long awaited by market players. These bills are expected to provide legal clarity and boost broader institutional adoption.
One of the factors driving positive sentiment is direct support from US President Donald Trump, who referred to himself as the “crypto president” and urged policymakers to overhaul regulations to benefit the industry. This statement further strengthens expectations of significant regulatory assistance.