Cryptocurrencies are growing after the approval of new bills in the United States

Bitcoin broke the $120,000 mark in Asian trading on Friday, showing a trend towards a fourth consecutive weekly increase. This happened after the approval by the US House of Representatives of three bills aimed at improving the regulation of cryptocurrencies. 

The largest cryptocurrency was trading at $120,552.8, up 1.7% from the previous day. Earlier in the week, bitcoin reached a record $123,000, but profit-taking and regulatory uncertainty held back further growth.

Altcoins have also shown significant strengthening. Ethereum rose in price by 8.2%, reaching $3,674.83, the highest in six months. XRP rose 15.4% to $3.63, while Solana, Cardano, and Polygon gained 7%, 14%, and 10%, respectively. Among the meme tokens, Dogecoin increased by 15.1%, while $TRUMP increased by 8%.