The cryptocurrency Bitcoin has reached a new record high, exceeding $120,000. This event has generated significant interest among investors and the broader community.
Bitcoin Surpasses $120,000
On Monday, Bitcoin, the first and largest cryptocurrency by market capitalization, reached a record high of $123,231 before slightly easing down. As of now, its price stands around $122,000, which represents an increase of 2.93%.
Coinbase's Tweet and Its Significance
Coinbase tweeted about this event in a concise format: '1 BTC = $0.12M'. This approach highlights the cryptocurrency's growth and its nearing price of a million dollars, attracting the attention of traders and investors alike.
Regulatory Initiatives and Their Impact on the Market
On the same day, the U.S. Congress is set to debate several bills aimed at establishing a necessary regulatory framework for digital assets. This week, Congress will vote on initiatives such as the Genius Act and the Clarity Act.
The rise of Bitcoin and support from regulators could significantly impact the future of the cryptocurrency market. The current scenario demonstrates a high interest from investors and traders in digital assets.
