Bitcoin extended a rally to rise to a new record above $120,000 Monday, fueled by a rally in bitcoin ETFs. The price of the largest cryptocurrency by market capitalization briefly topped $121,249.90,

Bitcoin hits a record high of $120,000, continuing its upward trend. The cryptocurrency has been on a winning streak, setting records for three consecutive days. Bitcoin's value has surged 29% this year, reflecting growing investor interest and market momentum.

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