Bitcoin Reaches New High, Surpassing $123,000
The price of Bitcoin continues to break records, with the cryptocurrency’s trading value surpassing $123,000 to set a new high on Monday. This surge is supported by “Crypto Week,” during which the U.S. House of Representatives will debate several bills related to digital assets.
Bitcoin’s Performance and Market Capitalization
Bitcoin closed at $119,967.3 per unit, marking a 1.16% increase. During early Monday trading, Bitcoin reached as high as $123,104.7 but later declined. Over 2025, Bitcoin has seen a 28.3% increase. Since January 10, 2024, when the U.S. Securities and Exchange Commission (SEC) approved several Bitcoin spot ETFs, the cryptocurrency has surged by 160.1%.
Other Cryptocurrencies’ Performance
Ethereum, the second-largest cryptocurrency by market capitalization, also showed positive growth with a 1.55% increase to $3,005.26. Solana and Cardano also experienced gains of 0.76% and 0.16%, respectively.
U.S. House of Representatives Debates Crypto Regulatory Framework
Starting Monday, the U.S. House of Representatives will discuss a series of bills to provide the digital asset sector with the national regulatory framework it has long demanded.
These demands have resonated with U.S. President Donald Trump, who has called himself the “crypto president” and urged monetary leaders to update regulations in favor of the industry.
“At this moment, it’s creating a lot of tailwinds,” said IG Market analyst Tony Sycamore, citing strong institutional demand, expectations of higher profits, and Trump’s support as reasons for optimism.
“It has been a very, very strong move over the past six or seven days, and it’s hard to see where it stops now; it seems like it could easily reach $125,000,” he said.
Regulatory Optimism Drives Bitcoin’s Surge
Gildardo Herrera, Strategy and Operations Director for Latin America at Bitget, a cryptocurrency exchange and web company, explained that the movement was driven by optimism surrounding regulatory advancements in the U.S. Congress.
“Legislative debates are crucial for the crypto sector, including the CLARITY Act, GENIUS Act, and the Anti-CBDC Surveillance State Act. These measures are expected to bring more regulatory clarity and attract even more institutional capital to the market,” Herrera said in a statement.
He asserted that Bitcoin is experiencing a historic moment, driven by regulatory, institutional, and macroeconomic factors in an environment of expansive U.S. monetary policy and growing demand for scarce assets, which favors Bitcoin.
Bitcoin ETFs See 175% Gains Since Listing
The momentum continues as digital assets record strong gains, with investor interest growing and Bitcoin ETFs becoming popular investment vehicles.
Since Bitcoin spot ETFs began trading in the U.S. on January 11, 2024, they have seen gains of up to 175%.
- VanEck Bitcoin Trust: 173.63%
- Franklin Bitcoin: 173.29%
- Fidelity Wise Origin Bitcoin: 173.06%
- WisdomTree Bitcoin: 172.92%
- Invesco Galaxy Bitcoin: 172.89%
- ARK 21Shares Bitcoin: 172.71%
- Valkyrie Bitcoin: 172.01%
Ethereum ETFs Lack Similar Success
Meanwhile, Ethereum has seen a 16.51% increase and is trading at $3,006.73.
Major investment firms continue to expand their exposure in anticipation of regulatory approval and long-term value appreciation. However, Ethereum ETFs have not shared in the success since their debut on June 23, 2023. The Grayscale Ethereum Trust (ETH), Invesco Galaxy Ethereum, and 21Shares Core Ethereum have all experienced declines.
Global Bitcoin ETF Adoption
Seven countries and five autonomous regions operate Bitcoin ETFs. Hong Kong, China’s autonomous region, was the latest to accept this type of investment vehicle mid-last year.
The U.S., Canada, Brazil, Germany, Australia, Switzerland, and tax havens like Bermuda, Liechtenstein, the Channel Islands (Jersey and Guernsey) offer 33 Bitcoin spot or direct ETFs.
Following the announcement that Bitcoin ETFs would be listed on Wall Street, the cryptocurrency’s price began to rise at the end of 2023.
Key Questions and Answers
- Q: What is driving Bitcoin’s recent surge? A: The surge is attributed to regulatory optimism in the U.S., with Congress debating a crypto regulatory framework.
- Q: How have Bitcoin ETFs performed since their U.S. listing? A: Since January 11, 2024, Bitcoin ETFs have seen gains of up to 175%.
- Q: How have Ethereum ETFs fared compared to Bitcoin ETFs? A: While Bitcoin ETFs have seen significant gains, Ethereum ETFs have not experienced the same success since their debut.
