Bitcoin Surpasses $120,000 Milestone for the First Time

Bitcoin reached a historic milestone on Monday, breaching the $120,000 barrier for the first time. The world’s largest cryptocurrency climbed to a record high of $121,207.55 during the Asian trading session. It later settled slightly lower but still up by 1.5%, trading at $120,856.34. This rally extends bitcoin’s year-to-date gains to nearly 29%, reflecting renewed investor enthusiasm.

Regulatory Optimism Fuels the Surge

The latest rally is largely driven by optimism surrounding potential regulatory clarity for the digital asset industry in the United States. Beginning Monday, the U.S. House of Representatives is scheduled to debate a set of bills that aim to establish a formal regulatory framework for the cryptocurrency sector.

For years, industry stakeholders have called for a clear and supportive set of rules to govern digital assets. The upcoming discussions in Congress signal progress toward that goal, igniting investor confidence.

Trump’s Pro-Crypto Stance Lifts Market Sentiment

Investor sentiment was further boosted by President Donald Trump’s vocal support for the crypto sector. Labeling himself the “crypto president,” Trump has repeatedly advocated for reforming current financial regulations to better accommodate digital assets.

Trump’s administration has prioritized a friendlier policy environment for cryptocurrencies, aligning with long-standing industry demands. His proactive approach has encouraged traders to price in a more favorable regulatory outlook in the months ahead.

Broader Crypto Market Rallies Alongside Bitcoin

Bitcoin’s climb has set off a broader uptrend across the crypto ecosystem. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, also rallied on Monday. Ether reached a five-month high of $3,048.23 before slightly retreating to $3,036.24 in the latest trading.

The bullish momentum in Bitcoin and Ethereum has spilled over to other altcoins, contributing to a sustained rally that has extended over several weeks.

Total Crypto Market Cap Approaches $3.8 Trillion

As prices surged across the board, the total market capitalization of the cryptocurrency sector swelled to approximately $3.78 trillion, according to data from CoinMarketCap. This surge reflects growing investor interest in digital assets, despite ongoing global economic uncertainties and Trump’s aggressive trade policies, including steep tariffs.

Despite geopolitical concerns, the crypto industry’s resilience appears to be bolstered by increasing institutional investment, regulatory optimism, and high-profile political support.

Looking Ahead

With the U.S. House now actively debating digital asset legislation and President Trump endorsing reforms, market participants are closely watching how the policy landscape evolves. A favorable outcome could pave the way for further gains in the coming weeks.

Bitcoin’s record-breaking performance signals not just a bullish sentiment but also highlights how mainstream the crypto conversation has become in U.S. policymaking. Investors and analysts alike will now monitor whether these gains are sustained and if more institutional capital follows.