Bitcoin has hit a new all-time high, surpassing $123,000 on Monday. This marks a sharp rise from $108,000 just a week ago. The cryptocurrency now ranks as the fifth most valuable asset class globally, with a market cap of $2.4 trillion, even surpassing Amazon. The surge comes as U.S. lawmakers focus on passing pro-crypto legislation during what’s being called “crypto week” in Congress. This includes bills regulating stable coins and broader market structures. Bitcoin’s popularity continues to grow, fueled by institutional demand and limited supply.
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