Bitcoin Hits Record High Above $120,000 Amid Regulatory Optimism

Bitcoin Hits Record High Above $120,000 Amid Regulatory Optimism
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Bitcoin surged past $120,000 on Monday, reaching an all-time high as U.S. lawmakers prepare to vote on crypto regulations that could strengthen institutional demand. The cryptocurrency peaked at $123,000 before settling near $119,800, fueled by record inflows into bitcoin ETFs, including a single-day high of $1.18 billion last week.

Analysts attribute the rally to institutional investors, with BTSE’s COO Jeff Mei predicting a rise to $125,000 in the coming months. The U.S. House of Representatives began reviewing crypto-focused legislation, including the Genius Act, which aims to regulate stablecoins and digital asset frameworks.

President Donald Trump has endorsed the pro-crypto policies. Meanwhile, experts note retail investors have stayed cautious, while institutions have bought $15 billion in bitcoin ETFs recently. Despite potential short-term volatility from trade disputes, long-term optimism remains high, with 10x Research forecasting a year-end target of $140,000–$160,000, contingent on Fed policy decisions.