Bitcoin Soars Past $120,000 as US Congress Starts ‘Crypto Week’

Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday.

The cryptocurrency bellwether rose as much 3.4% to $123,205 before giving up some gains to trade around $121,600 as of 9:19 a.m. in New York. Ether, the second-largest token, also advanced to beyond $3,000, along with a host of smaller coins such as XRP and Uniswap.

After surging on the election of Donald Trump to a second US presidential term, Bitcoin had settled into a pattern ...