The price of Bitcoin has surpassed $120,000 for the first time. This is interpreted as reflecting expectations following the U.S. House of Representatives designating this week as 'Crypto Week' to focus on discussions related to cryptocurrency legislation.
According to global cryptocurrency market tracking site CoinMarketCap on the 14th, as of 1:41 p.m. that day, the price of Bitcoin recorded $120,031, an increase of 2.72% compared to 24 hours earlier. This represents a 10.82% increase compared to a week ago.
Ethereum, the second-largest by market capitalization, is trading at $3,046, up 3.05% from the previous day.
This week, the U.S. House of Representatives plans to discuss three major cryptocurrency-related bills, including the 'GENIUS Act,' which regulates stablecoins.
French Hill, Chairperson of the U.S. House Committee on Financial Services, noted in an official statement that 'the full House will be conducting votes on the CLARITY Act, the GENIUS Act regarding stablecoins, and a bill to prohibit Central Bank Digital Currency (CBDC).'