The leading cryptocurrency, Bitcoin, exceeded its all-time high just two days after setting a record.
According to Coinbase, a U.S. cryptocurrency exchange, the price of Bitcoin at 11:22 a.m. (Eastern Daylight Time; 8:22 a.m. Pacific Time) on the 13th (local time) was $119,049, an increase of 1.37% from 24 hours earlier, which is 164.22 million won. This is the first time the price of Bitcoin has surpassed $119,000.
On that day, the price of Bitcoin rose to around $119,400. Previously, on the 11th, Bitcoin had recorded an all-time high of $118,800, but it surpassed that record again in just two days.
This appears to be a result of anticipation around the U.S. Congress's "Crypto Week." This week, the U.S. House of Representatives is set to discuss three cryptocurrency bills, including the "GENIUS" act, which is a stablecoin regulation bill.
Earlier, French Hill, the Chairperson of the House Financial Services Committee (Republican-Arkansas), had stated that this week would be "Crypto Week" in the House of Representatives. If these bills pass, it is expected that the pro-cryptocurrency policies of the Donald Trump administration will gain momentum.
At the same time, Ethereum, the second-largest by aggregates, rose 2.5% to recover the $3,000 mark. Ripple (XRP) was traded at $2.87, up 5.84%. XRP, which has recently gained momentum, surpassed Tether to become the third largest by market capitalization. Solana and Dogecoin also rose to $163 and $0.20, up 2.54% and 3.89%, respectively.