Bitcoin hit a new all-time high on Monday, surpassing the $120,000 mark for the first time, signaling renewed investor confidence and growing institutional interest in the world's largest cryptocurrency.
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The rally comes as the U.S. House of Representatives begins debating a package of bills aimed at establishing a long-awaited regulatory framework for the digital asset industry — a move widely welcomed by crypto companies and investors alike.
President Donald Trump, who has branded himself the “crypto president,” has voiced support for updating regulations to accommodate the fast-growing sector, further fueling optimism in the market.
So far in 2025, Bitcoin has risen by 29%, driving a broader surge in the crypto market, despite recent turmoil related to Trump’s new tariff measures, which had injected short-term uncertainty.
Ethereum (ETH), the second-largest cryptocurrency, also soared to its highest level in more than five months, reaching $3,048.23 before slightly retreating to $3,036.24 in recent trading, according to Reuters.
The total market capitalization of cryptocurrencies has now reached approximately $3.78 trillion, based on data from CoinMarketCap — a level not seen since the bull run of late 2021.
The latest surge reflects growing anticipation that the U.S. regulatory landscape may finally offer clarity and legitimacy to a sector long marked by volatility and legal ambiguity.
