Bitcoin shattered expectations Monday, surging past $123,000 for the first time ever, and positioning itself among the top five most valuable global assets. As reported by Associated Press, Bitcoin's market cap crossed $2.4 trillion, overtaking Amazon and placing it just behind Apple, Microsoft, Saudi Aramco and Nvidia. This staggering rally comes amid a critical legislative moment in the U.S. House, where lawmakers have launched what's being dubbed "Crypto Week."
The House is reviewing three key bills—the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act—aimed at clarifying crypto regulations, limiting Federal Reserve powers over a digital dollar, and establishing legal frameworks for stablecoins. According to Business Insider, this is the most comprehensive crypto legislative effort ever presented in Congress, and it is widely seen as a catalyst for Bitcoin's dramatic momentum.
