Bitcoin passed a record milestone of $120,000 a token on Monday as US lawmakers prepared to consider a number of bills aimed at creating clearer regulatory frameworks for digital assets.
The world’s largest cryptocurrency climbed 2.5 per cent to trade at a new high of $122,105 a token and has risen more than 10 per cent in the past seven days. It surged above $100,000 for the first time in December.
The US Congress is preparing for what the House of Representatives has dubbed “crypto week”, aimed at making “America the crypto capital of the world”.
“For capital allocators, what’s most attractive is…
