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.

Crypto investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class.

Bitcoin surged to a fresh record above $118,000 overnight as a stellar week for the cryptocurrency looked to set to finish in style.

The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.

The U.S. dollar rose against major currencies including the yen and euro as President Donald Trump rekindled trade tensions with new tariffs on Canada and other trading partners.