Bitcoin shattered records today, surging past $118,000. This historic peak ignited a powerful rally across numerous al

Bitcoin has reached an all-time high, surpassing $118,000 as a flood of money moves into spot bitcoin ETFs, which have opened up cryptocurrency investing to millions. A soft U.S. dollar and the digital currency friendliness of President Donald Trump's administration has also helped to push the price of bitcoin to unprecedented levels recently.

With more institutional investors taking the token seriously, its value on Friday was closing in on yet another important psychological barrier. Investors in reigning cryptocurrency champ Bitcoin (BTC) are having a pretty good week.