Bitcoin Surges Past $120,000 Amid Critical US Congressional Crypto Deliberations

Bitcoin has shattered the $120,000 barrier, marking a significant milestone as investor confidence in the cryptocurrency market shows no signs of waning. This surge coincides with a pivotal ‘Crypto Week’ in the U.S. House of Representatives, where key industry legislation is under active consideration.

The premier cryptocurrency soared by as much as 3.4%, reaching an intraday high of $123,205, before stabilizing around $121,600 during morning trading in New York. The rally wasn’t exclusive to Bitcoin; Ether, the second-largest digital asset, also climbed above $3,000, alongside notable gains for other major altcoins including XRP and Uniswap, signaling broad market optimism.

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