Bitcoin Rockets Over $118,000

Bitcoin (BTC-USD) shot up to about 118 158 dollars on Friday as big institutions piled in and the White House dropped some friendly signals. Ethereum (ETH-USD) climbed past 3000 dollars and other tokens like XRP and Stellar also picked up a few percent. Uniswap led the altcoins with a lively six percent bump.

Back in March, the president signed an order to create a strategic crypto reserve and tapped Paul Atkins at the SEC and David Sacks at the White House's AI team. Even Trump Media is lining up an ETF that would hold multiple cryptocurrencies, according to a recent SEC filing.

All this clarity on policy and high level backing has coaxed more big money into digital assets. That momentum is turning a simple Bitcoin rally into a broader token celebration. In early trading, crypto linked names from MicroStrategy through Bitfarms popped higher as investors cheered the record highs and braced for what's next.