Bitcoin tops $120,000 mark for first time in history
The US House of Representatives is set to begin discussions today, July 14, on a series of bills aimed at establishing a regulatory framework for the digital asset space, a key demand by companies and investors operating in the sector.
The move has resonated with President Donald Trump, who has described himself as the 'crypto president,' urging policymakers to modernize regulations in favor of the industry.
Bitcoin surged 29% year-to-date, sparking a broader rally across other digital assets in recent weeks, despite market uncertainty stemming from Trump's newly imposed tariffs, which caused some disruption.
Ether, the second-largest cryptocurrency globally, also climbed to its highest level in over five months, reaching $3,048.23 earlier today before easing slightly to $3,036.24 in recent trade.
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