Bullish tailwinds have boosted the world's largest cryptocurrency in the last week. The token's price broke above $120,000 for the first time on Monday.

Bitcoin price soared past $120,000 for the first time early Monday. The crypto continued its bull run at the start of what has been coined “Crypto Week” as three key bills, important for the sector, make their way through Congress over the next five days.

Bitcoin surpassed $120,000 for the first time on Monday, marking a milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.