India, July 14 -- Bitcoin scaled a fresh record high of $123,153 on Monday, surpassing the $12,000 mark for the first time as the US House of Representatives is set to debate on a key legislation during the "Crypto Week" starting today.

The crypto has been on a fast-rising trajectory in recent weeks and scaled past the $120,000 in a significant milestone for the world's most popular cryptocurrency.

The surge comes as US lawmakers are set to debate on a series of crypto bills to clarify regulation for the digital asset industry.

According to a report in Reuters, Bitcoin has surged more than 60% since the US election in November last year, when Donald Trump returned for a second term in the White House.

The bitcoin surge, which is aroun...