Bitcoin prices have surpassed the $120,000 threshold for the first time ever. Amidst the backdrop of the US House of Representatives designating mid-July as 'Crypto Week' and scheduling deliberations on several pivotal industry bills, investor enthusiasm for Bitcoin has reached new heights. As of 9:10 AM London time, Bitcoin prices surged 3.4% to reach $123,205, and the broader digital asset market exhibited an upward momentum. Other prominent cryptocurrencies, including Ethereum, mirrored this positive trend. Conversely, European stock markets experienced a decline.