The US lawmakers passed a procedural motion that would allow the GENIUS, CLARITY, and Anti-CBDC Surveillance bills to move forward on Wednesday. With 217–212 votes, the three bills passed after a record-breaking procedural standoff that stretched nearly 10 hours.

The value of a single bitcoin surpassed $120,000 early Monday, the latest record price for the digital token that has set multiple all-time highs in recent weeks amid bullishness about developments on Capitol Hill and concerns about inflation and the U.S. dollar's declining value.

The price of bitcoin surpassed $122,000 on Monday after surging beyond $120,000 for the first time over the weekend, the latest milestone for the world’s most valuable cryptocurrency as House Republicans stir regulatory optimism among investors.

A rush of investment into Bitcoin ETFs in recent days sent the combined asset value of such investment vehicles to a record high of more than $158 billion, according to The Block, an outlet that covers digital assets. Investors placed more than a billion dollars into Bitcoin ETFs on consecutive days last week, The Block found.

Bitcoin rose above $118,000 on Friday, extending the token's record-setting rally into its third day.

MicroStrategy is buying bitcoin again after taking a one-week break. It now owns more than 600,000 bitcoin, valued at more than $73 billion.