Bitcoin increases to $ 120K as Congress opens the debate on cryptographic and stable laws.

New York – Bitcoin jumped over $ 120,000 on Monday morning, establishing a new record as investors prepare for a week of important cryptographic policies in Washington.

The price of Bitcoin rose up to $ 123,205 in the first operations before falling back to around $ 121,600 in mid -morning. Other cryptocurrencies followed the movement: Ether crossed $ 3,000, and the Altcoins such as Solana, Chainlink, XRP and Unisswap also won.

Monday’s rally occurs when Congress begins a week of votes on key legislation related to cryptography. The House of Representatives is expected to carry out several bills that could remodel how digital assets are regulated in the US.

Among them:

• The clarity lawthat would establish lighter rules for encryption exchanges and tokens classification.

• The State Law on Anti-CBDC Surveillancewhose objective is to block the digital currencies of the Central Bank issued by the Government.

• The Stablecoin package geniusA plan backed by the Senate to regulate the stable while keeping them legal to operate.

The impulse for the new rules is aligned with the declared objective of President Trump to make the United States more friendly to cryptographic companies while keeping the digital currencies backed by the government controlled.

ETF demand lifts bitcoin higher

The price of Bitcoin has also been promoted by strong tickets in the US Bitcoin ETF assets.

“They are no longer just retail merchants who conduct this,” said George Mandres, a senior merchant from Xbto. “Institutional buyers are treating Bitcoin as part of a long -term strategy, not just a trade.”

Bitcoin’s futures markets tell a similar story. The open interest reached $ 86.3 billion on Monday, the highest registered, according to Coinglass data.

Short vendors burn

A large part of the demonstration came from merchants who had opted against Bitcoin and were forced to buy as the price moved higher. More than $ 1 billion were eliminated in short positions in the last three days.

“This type of liquidations can really generate rapid movements like this,” said Rachael Lucas, BTC Markets analyst. “Now the approach changes to $ 125,000. That is the next great level that merchants are observing.”

Lucas said that Bitcoin still has a strong support of around $ 112,000 and that any setback attracts buyers.

Bitcoin profits are shed to other coins

The increase in Bitcoin has raised other parts of the cryptography market. Ether rose up to 2.9% on Monday, while Solana, Chainlink and Uniswap also published profits. Volume trade through encryption exchanges jumped when merchants were repositioned for the new week.

The firm of Michael Saylor, the strategy, now has more than $ 73 billion in Bitcoin, reflecting the continuous interest of the great institutional holders.

Some analysts warn against reading too much in the rally

Not everyone agrees that this movement is long -term foundations. Some see it as a market event promoted by forced purchases and a favorable policy window.

“This is not purely macro conditions,” said Nicolai Sondergaard, Nansen’s research analyst. “The United States is executing a great fiscal deficit and there is talk of a easier monetary policy, but this rally mainly comes from specific cryptographic events such as ETF demand and merchants that are being squeezed.”

Even so, with Bitcoin 30% so far in 2025, in more than more than duplicate last year, the market has remained resistant even as other risk assets have slowed down.

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