Bitcoin crossed the $120,000 level for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.

Bitcoin scaled a record high of $121,207.55 in the Asian session on Monday, before pulling back slightly to last trade 1.6 per cent higher at $121,015.42.

Starting today, the US House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded.

Those........

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