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Bitcoin & Ethereum Pull Back Slightly: BTC is down about 4% intraday near $117.5K after hitting an all-time high around $123K, while ETH is at ~$2,970, off ~2.6% from the previous close.
Crypto Market Cap Nearing Record: The total crypto market capitalization stands legibly around $3.8 trillion, close to the highest ever—on par with the UK’s GDP .
U.S. “Crypto Week” Boost: The U.S. House is reviewing three major bills (CLARITY, GENIUS, Anti‑CBDC) aimed at formalizing digital asset regulation. That legislative momentum has fueled BTC’s rise past $123K .