Bitcoin has reached another all-time high, surpassing $118,000 for the first time on Friday. The record arrives as a flood of money continues to move into spot bitcoin ETFs, all while U.S. President Donald Trump’s crypto-friendly influence makes its way through Washington. Spot bitcoin ETFs opened cryptocurrency investing more widely after launching last year — and analysts have pointed to record inflows recently. And a soft U.S. dollar and the digital currency friendliness of Trump’s administration also has helped to push the price of bitcoin to unprecedented levels over the past few months.
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