Bitcoin breaks $123,000 price record as lawmakers begin 'Crypto Week' in Washington

Bitcoin hit a record high on Monday amid investors' optimism that the cryptocurrency may soon have more regulatory certainty with legislation moving through the Republican-led Congress.Investors on Monday pushed bitcoin above the $120,000 threshold for the first time, touching an all-time high above $123,000 before paring some of those gains and trending closer to $120,000. That brings the cryptocurrency's year-to-date gains to 28.5%.Bitcoin's rise comes ahead of the House of Representatives considering a series of cryptocurrency bills this week that, if passed, could give the digital assets i