Bitcoin Surges Past $120,000 for the First Time as Crypto Industry Awaits Policy Breakthroughs
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Bitcoin shattered the $120,000 barrier for the first time on Monday, signaling a historic achievement for the world’s most prominent cryptocurrency. The rally comes as optimism grows around potential legislative victories that could reshape the future of the digital asset industry.
Beginning this week, the U.S. House of Representatives is set to review a collection of bills aimed at establishing a long-awaited regulatory framework for crypto assets. These developments align with recent statements from former President Donald Trump, who has embraced the label of "crypto president" and pushed for regulatory reforms that would favor the sector.
Fueled by hopes of supportive policies, Bitcoin climbed to an all-time high of $121,207.55 during Monday’s Asian trading hours. It was last seen trading 1.5% higher at $120,856.34.
So far in 2025, Bitcoin has gained 29%, sparking a wider rally in the crypto market—even amid turbulence caused by Trump’s controversial tariffs.
Ethereum (Ether), the second-largest cryptocurrency by market capitalization, also saw significant movement, reaching its highest level in over five months at $3,048.23 before settling slightly lower at $3,036.24.
The total market capitalization of the crypto sector has now ballooned to approximately $3.78 trillion, according to CoinMarketCap.
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