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On Monday, the U.S. House of Representatives began debating a set of bills. These bills aim to establish a regulatory framework for the digital asset industry. The industry has long requested clear rules to guide operations in the U.S.<\/p>\n\n\n\n U.S. President Donald Trump has recently voiced support for the sector. He has called himself the \u201ccrypto president.\u201d He also urged policymakers to update regulations in favor of the industry. His stance has drawn attention from investors and lawmakers alike.<\/p>\n\n\n\n Bitcoin rose to a record high of $121,207.55 during the Asian session. It later traded 1.5% higher at $120,856.34. The cryptocurrency is now up 29% for the year.<\/p>\n\n\n\n The following developments were reported:<\/p>\n\n\n\n Bitcoin\u2019s rise has sparked gains across the broader cryptocurrency<\/a> market. Ether, the second-largest token, reached a five-month high. It hit $3,048.23 on Monday before trading at $3,036.24.<\/p>\n\n\n\n
Bitcoin<\/a> crossed the $120,000 level for the first time on Monday. The new high marked a significant point for the world’s largest cryptocurrency. The increase came as investors responded to expected policy changes in the digital asset space.<\/p>\n\n\n\n\n