Bitcoin has hit a new all-time high, surpassing $123,000 on Monday. This marks a sharp rise from $108,000 just a week ago.

Bitcoin price soared past $120,000 for the first time early Monday. The crypto continued its bull run at the start of what has been coined “Crypto Week” as three key bills, important for the sector, make their way through Congress over the next five days.

The cryptocurrency has extended its rally as lawmakers consider legislation that would bring digital tokens further into the mainstream.