Bitcoin Breaks $123,000 as Congress Advances Crypto Week Bills

Bitcoin surged past $123,000 in response to a wave of institutional inflows and renewed policy optimism from Washington’s “Crypto Week.” As lawmakers deliberate on the CLARITY, GENIUS, and Anti-CBDC Acts, the digital asset space is pivoting from ad hoc evolution to structured regulation. The narrative has shifted: crypto is no longer fringe speculation—it’s morphing into regulated infrastructure.

Institutional balance sheets are now pivoting alongside parity. Asset managers are allocating to spot Bitcoin ETFs, stablecoin issuance frameworks are gaining traction, and market confidence is rising across Ethereum and token-adjacent software ecosystems. Should the legislative proposals pass in full, they would establish a global benchmark—upending regulatory inertia in Europe, Asia and Latin America.

However, the window for clarity is narrow. Amendments or political friction could choke codebases and liquidity flows. And macro conditions—global rates or geopolitical shocks—remain wildcards. Leading exchanges and traditional finance integrators are now racing to scale custody, compliance, and service architecture, anticipating pre-clearance rollout later this year.