Bitcoin surged past the $120,000 mark today, reaching a high of $123,153 amid strong institutional inflows and mounting optimism around pro-crypto U.S. legislation. The rally coincides with “Crypto Week” in Congress, where bills like the Clarity and Genius Acts are being debated, signaling potential regulatory clarity. Former President Trump’s vocal support for crypto and mention of a Strategic Bitcoin Reserve have further boosted market sentiment. Meanwhile, Bitwise has reaffirmed its bold prediction that Bitcoin could hit $200,000 by year-end, citing factors such as post-halving supply constraints, ETF-driven demand, and growing mainstream acceptance of digital assets in global financial markets.