“The real rally starts after $125,000,” commented BTC Markets analyst Rachael Lucas. On Monday morning, Bitcoin surpassed the historic $120,000 mark and reached $123,205 as the US Congress prepared to consider key legislation during its “Crypto Week.”

This week, the House of Representatives will review the CLARITY Act, the Anti-CBDC bill, and the GENIUS stablecoin package — part of Donald Trump’s pro-crypto agenda.

“This is a sign of maturity: Bitcoin is no longer seen just as speculation but as a macro hedge,” said George Mandres, senior trader at XBTO Trading. Institutional investors followed the trend: over the past week, Bitcoin ETFs saw $2.7 billion in inflows, with total assets under management reaching $151 billion.

Momentum builds: a record $86.3 billion in open futures positions, over $1 billion in short positions liquidated, and renewed interest amid US trade policy instability.

Not all analysts are convinced. “This is more of a local spike than a macro-driven rally,” said Nicolai Sondergaard of Nansen. Nevertheless, expectations of monetary easing and fiscal stimulus in the US create a favorable backdrop for the crypto market.