Bitcoin reached a record high of approximately $122,571 on Monday, breaking the $120,000 mark for the first time in its history. The surge reflects growing investor confidence in cryptocurrencies, fueled by hopes of clearer regulations in the United States.
This week, the U.S. House of Representatives is set to debate new bills that could create the first comprehensive rules for digital assets.
The move is supported by many in the cryptocurrency industry, as well as political leaders, including President Donald Trump, who has called for updating financial laws to include crypto.
Market analysts believe clearer regulations could encourage more institutional investors to enter the crypto space, reducing uncertainty and boosting demand.
Major investment firms, like BlackRock, are already increasing their involvement. Last week, BlackRock’s cryptocurrency exchange-traded funds (ETFs) reported over $2.4 billion in new investments.
Bitcoin’s price has risen about 29% so far in 2025. While some experts warn that the market may be overheating, others predict further growth. Forecasts for Bitcoin’s price by the end of the year range from $130,000 to $200,000.
Beyond regulatory hopes, some investors are also buying Bitcoin as a hedge against concerns about U.S. government spending and rising debt levels.
Bitcoin’s rise has helped lift the wider cryptocurrency market. Other major digital currencies, such as Ethereum, XRP, and Solana, also gained on Monday. The total value of the global crypto market now stands at about $3.78 trillion.
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