Bitcoin continues to break the barrier of its all-time high: how much is it trading at?

Bitcoin surpassed $120,000 for the first time in its history on Monday, reaching a new high of $122,000 , according to data from Binance. The milestone comes at a key moment for the crypto industry, with a week packed with political decisions in the United States that could mark a turning point for the ecosystem.

The recent rally is closely linked to the strong flow of capital into bitcoin ETFs , which last Thursday recorded their largest inflow volume so far in 2025 , with $1.18 billion in a single day . In parallel, Ethereum surpassed $3,000 , and several altcoins also showed strong gains: SUI (+14%) , Stellar (+9.7%) , Ripple (+7.5%) and Hedera (+7.3%) .

Jeff Mei, COO of crypto platform BTSE, explained to CNBC that this rally is due to " the sustained inflow of long-term institutional capital ," and projected that the price of Bitcoin could reach $125,000 in one or two months . Although he warned that trade tensions driven by former President Donald Trump, particularly with the European Union and Mexico, could generate short-term corrections , he believes that these risks are already "discounted" by the market.

Bitcoins are under scrutiny for possible money laundering schemes.

This new push coincides with the start of "Crypto Week" in Washington, DC , where the US Congress begins debating three key bills for the regulatory future of the sector.

Among the proposals is the Clarity Act , which proposes transferring oversight of digital assets from the SEC to the CFTC and phasing out the Howey Test , seeking to loosen the legal framework for mature blockchains. Its proponents claim this will foster innovation, while its detractors warn it could open the door to risky assets.

Also under discussion is the Genius Act , which establishes stricter regulations for stablecoins , requiring liquid reserve backing and subjecting issuers to Bank Secrecy Act rules.

Finally, the controversial Anti-CBDC Surveillance State Act seeks to prohibit the Federal Reserve from developing a digital dollar , citing concerns about privacy and government control. The proposal divides Congress and the public.

“The climate in Washington is extremely optimistic for the crypto sector . This legislative agenda is what the industry has been waiting for months to break out of regulatory limbo,” said Stephen Innes, managing partner of SPI Asset Management.