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The cryptocurrency has extended its rally as lawmakers consider legislation that would bring digital tokens further into the mainstream.

Bitcoin and other cryptocurrencies are soaring, and backers have suggested that President Trump deserves much of the credit.Doug Mills/The New York Times

Andrew here. There’s a lot going on, starting with Bitcoin. Its price has jumped to a record, topping $120,000 per coin. We explain what’s going on.

We’re also looking at what increasingly looks like a game of chicken over tariffs as President Trump has declared new levels on Mexico and the E.U. if a deal isn’t struck by Aug 1. And earnings season takes off this week. We’ve got a rundown of what to look for as the numbers roll in.

Bitcoin bulls

Bitcoin’s march to new heights is going strong: It is trading above $122,000 on Monday, having more than

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