Bitcoin surged past 120,000 dollars for the first time, boosting investor confidence ahead of important U.S. congressional debates on crypto legislation. During "Crypto Week," several pro-crypto measures will be considered, aligning with government priorities. U.S. Bitcoin ETFs experienced significant inflows, reaching over 2.7 billion dollars last week, and Bitcoin futures open interest hit a record 86.3 billion dollars. Institutional investors see Bitcoin as a hedge, but short-sellers faced over 1 billion dollars in liquidations. Experts suggest Bitcoin's next goal is 125,000 dollars, with support at 112,000 dollars.