Bitcoin breaks $123,000 price record
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Bitcoin prices surge to $120,000, but muted returns and uncertainty loom as crypto bills face challenges in US House.
Bitcoin vaulted past $120,000 for the first time on Monday, the latest milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week, which has been dubbed "crypto week" by U.
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Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.
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Key Points Bitcoin just hit a new all-time high of $120,000, primarily on the basis of rising institutional demand.New crypto-friendly policies from the Trump administration are also helping to power Bitcoin higher.