Bitcoin’s rally accelerated this week, with the world’s largest cryptocurrency soaring past $118,000 for the first time in history. The digital asset is up roughly 26% so far this year, buoyed by strong institutional demand, a favorable political environment under the Trump administration, and an ever-tightening supply outlook. All-Time Highs and Market Momentum Bitcoin briefly touched $118,900 on Friday, eclipsing its previous peak set just a day earlier. At the time of writing, it was trading around $117,400. Ether, the second-largest cryptocurrency, hovered near $3,000, reflecting broader enthusiasm across the digital asset market. Cryptocurrency-adjacent equities also moved higher in response. Shares of MicroStrategy ( MSTR ), the largest corporate holder of bitcoin, climbed nearly 3%. Mining firms Marathon Digital ( MARA ) and Riot Platforms ( RIOT ) rose around 2% to 4%. The surge extended gains that have been building since January, with some crypto-linked stocks now up mor...