Bitcoin Breaks $118K as ETF Boom and Political Support Drive Rally
Bitcoin hit a new all-time high above $118,000, driven by booming demand for spot Bitcoin ETFs and growing regulatory clarity. A softer dollar and supportive stance from the Trump administration have added fuel to the rally.
In Washington, momentum is building behind the GENIUS Act, a Senate-passed bill to regulate stablecoins and lay the foundation for broader crypto policy. With the House vote coming next week, the industry’s expanding political clout and record-breaking price action signal a new era for digital assets.
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