Bitcoin reached a new all-time high on Monday, as investors looked forward to a busy week for crypto legislation.

Bitcoin hit $120,000 for the first time on Monday, with trader enthusiasm showing little signs of fading as the U.S. prepares to consider key legislation during its ‘Crypto Week’.

“For capital allocators, what’s most attractive is having some semblance of clarity,” said Tim Chen, global head of strategy at digital asset financial services firm Mantle.