Bitcoin surged past the US$120,000 mark for the first time on July 14, hitting a new record high of US$121,207.55 during Asian trading, as investor optimism surrounding potential US regulatory breakthroughs sparked a renewed rally across the cryptocurrency market.
Reuters reported that the rally comes ahead of a highly anticipated week in Washington, where the US House of Representatives is set to debate a slate of bills aimed at establishing a long-awaited regulatory framework for digital assets. The push has gained momentum under President Donald Trump, who has openly declared himself the “crypto president” and urged lawmakers to create more industry-friendly rules. Crypto News
