For the first time ever, the bitcoin spiked nearly 3% to cross the $121,000-mark on Monday. The cryptocurrency has more than doubled investors’ wealth in one year, gaining over 103% during the period.
In recent days, the cryptocurrencies have seen a significant rally buoyed by optimism over ‘Crypto week’.
Further, the US House of Representatives will meet this week to consider a bill, dubbed as the ‘Clarity Act’, to provide a crypto regulatory framework to the industry.
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 demands have resonated with U.S. President Donald Trump, who has called himself the “crypto president” and urged policymakers to revamp rules in favor of the industry.
Notably, other cryptocurrencies also saw significant surge. Ethereum jumped over 3% to trade at $3,046 apiece (around Rs 2.62 lakh apiece), and Solana surged nearly 3.5% to hover around $167 apiece (Rs 14,352 apiece).
Ether, the second-largest token, scaled an over five-month top of $3,048.23 on Monday and last stood at $3,036.24. The sector’s total market value has swelled to about $3.78 trillion, according to data from CoinMarketCap. In 2025, Bitcoin has gained nearly 30% so far, buoyed by optimism over Trump’s pro-crypto outlook.