Bitcoin surpasses $118K at the second highest high in 24 hours

Bitcoin hit its new all-time high of $118,900 on Friday It surpassed its previous record of $113,822 on Thursday.

At the time of writing, Bitcoin prices are around $117,400.

This is an important milestone for Bitcoin as it highlights its revival. $76,000 Early April. It fell nearly $49,000 in August last year.

Some analysts believe that reaching $150,000 will cause a shopping frenzy. It is important to note that Bitcoin, like most cryptocurrencies, can be unpredictable. No one is sure what will happen next.

Several factors that have contributed to the surge in Bitcoin include the stance of President Trump’s custody. (The group includes entities with substantial purchasing power, such as banks and hedge funds.) These investors have acquired Bitcoin in the hopes that cryptocurrency will play a more important role in the financial sector moving forward, thus increasing value.

March, Trump I signed an executive order Establishing a strategic Bitcoin reserve.