Bitcoin (BTC-USD) gained 0.6% to $118K in Wednesday morning trading, lifting crypto-related stocks, after President Donald Trump said he persuaded some conservatives that were blocking a vote on crypto legislation to let the bills proceed.

Stablecoins—not Bitcoin—are emerging as the cryptocurrency of choice for Big Tech companies, as firms including Uber Technologies (NYSE:UBER), Amazon.com (NASDAQ:AMZN), and Apple (NASDAQ:AAPL) explore the technology for global money transfers and

The price of bitcoin BTCUSD jumped as high as 3% on Monday to $123,165.67 — a new record for the cryptocurrency. Bitcoin subsequently cooled slightly but was still trading at north of $120,000, at last check.

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.

Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday.

Bitcoin just broke through $123,000, setting a new all-time high. Follow live updates as BTC enters price discovery, short sellers get crushed, and altcoins begin to stir. Get real-time analysis, expert commentary,

The cryptocurrency has extended its rally as lawmakers consider legislation that would bring digital tokens further into the mainstream.

The third and final piece of the puzzle is market sentiment. This has the power to move markets up or down extremely quickly. Right now, investors are buoyant. Equity markets are at all-time highs, Bitcoin is at an all-time high, and Nvidia just became the first company to hit a $4 trillion market valuation.