Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge

Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge


In a major display of bullish momentum, the market’s leading cryptocurrency, Bitcoin (BTC), surged to a new record high on Monday, surpassing $123,000 for the first time. 

US House Kicks Off ‘Crypto Week

The Bitcoin price climbed more than 90% year-to-date with Monday’s rally, reaching $123,200, and reflecting a nearly 15% increase over the past month. 

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This upward momentum coincides with the US House of Representatives’ “crypto week,” which will feature debates on legislation aimed at reducing regulatory hurdles that have long been viewed as obstacles for the cryptocurrency sector.

One of the key pieces of legislation set for discussion in the House is the GENIUS Act, which aims to establish regulatory frameworks for stablecoins. Proponents of the GENIUS Act argue that it is a

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