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It's 'crypto week' and bitcoin is flying higher, passing $120,000
Bitcoin was shooting higher on Monday as the House of Representatives prepared to tackle three crypto-related pieces of legislation that would cement Washington's backing for privately-issued digital currency. Bitcoin (BTCUSD) traded up 3% to nearly $123,000 as the House will tackle legislation on regulating stablecoins, shifting crypto jurisdiction to the Commodity Futures Trading Commission and outlawing a Fed-issued central bank digital currency before it's even launched. "The mood in Washington has turned risk-on-at least for digital assets-as lawmakers load the legislative order book with three pro-crypto bills ... (full story)
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