On today’s episode of CNBC Crypto World, bitcoin falls as new data showed consumer prices rose in June. Plus, crypto asset manager Grayscale announces it confidentially filed with the SEC to go public on U.

The price of bitcoin BTCUSD jumped as high as 3% on Monday to $123,165.67 — a new record for the cryptocurrency. Bitcoin subsequently cooled slightly but was still trading at north of $120,000, at last check.

Bitcoin just broke through $123,000, setting a new all-time high. Follow live updates as BTC enters price discovery, short sellers get crushed, and altcoins begin to stir. Get real-time analysis, expert commentary,

The Bitcoin price, XRP, Ethereum, and other cryptos were falling as the weeklong rally for the world’s largest coin ebbed out.

Bitcoin breached $120,000 for the first time, with investor enthusiasm showing few signs of dimming as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday.

"We sold all our Bitcoin and we did this raise. I actually personally participated in that raise myself with my own savings," Tabar explained to CNBC this week. Bit Digital shares are trading about 82% higher since that raise, which is a win for him and Tether co-founder Brock Pierce who also participated in the round, according to SEC filings.

Blockchain is the technology underpinning all cryptocurrencies, and many related products like non-fungible tokens (NFTs). In essence, it is a virtual spreadsheet on which all the buying and selling of crypto is recorded. They are arranged in blocks linked together in a giant chain - hence the name.