Bitcoin price hits $123,000 USD

SINGAPORE — 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 provide the digital asset industry with the nation's regulatory framework it has long demanded. Those demands have resonated with U.S. President Donald Trump, who has called himself the "crypto president" and urged policymakers to…