Bitcoin climbs to record $123,000 as U.S. to debate crypto rules

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Open this photo in gallery: Bitcoin surpassed US$120,000 for the first time on Monday, in the week Washington declared as “crypto week” during which members of Congress will vote on a series of bills.PETER PARKS/AFP/Getty Images Bitcoin surpassed US$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. Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4 per cent higher around $122,000. Later in the day, the U.S. House of Representatives will debate a series of bills to...