#BTCvsETH Bitcoin slightly increased during Asian trading on Monday, rising above $119,000, however, investor sentiment remains cautious despite optimism following a series of legislative measures in the USA aimed at regulating the cryptocurrency sector.

The world's largest cryptocurrency was trading 0.7% higher at $119,080 as of 16:55 Moscow time.

The token reached record highs above $123,000 last week, but has since dropped below $120,000 and is currently trading in a consolidation phase near this level.