Bitcoin soars to new all-time high as US lawmakers focus on pro-crypto legislation

Bitcoin hit a new all‑time high above $123,000 on Monday, up sharply from $108,000 a week earlier, pushing its market cap to $2.4 trillion—making it the world’s fifth most valuable asset. The surge comes as the U.S. Congress begins “crypto week,” considering multiple pro‑crypto bills, including stablecoin regulation and a broader market‑structure overhaul. Bitcoin’s rally is also driven by strong institutional demand and growing popularity of spot bitcoin ETFs.