Bitcoin hit another record on Monday, marking another milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins.

Bitcoin price soared past $120,000 for the first time early Monday. The crypto continued its bull run at the start of what has been coined “Crypto Week” as three key bills, important for the sector, make their way through Congress over the next five days.

Bitcoin has hit a new all-time high, surpassing $123,000 on Monday. This marks a sharp rise from $108,000 just a week ago.