Bitcoin rose above $118,000 on Friday, extending the token's record-setting rally into its third day.

Bitcoin rose to a record high on Friday, driven by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration.

Bitcoin's bull run continues. The cryptocurrency rose as high as $118,739.86 on Friday, according to CoinDesk data, notching a new intraday high for a third straight day. Bitcoin recently stood a little lower,

Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.

Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds.

Crypto exchange Coinbase Global ( COIN) and bitcoin treasury company Strategy ( MSTR) were both up roughly 5% on the day. Stocks generally rose Wednesday, with the tech-focused Nasdaq Composite finishing at its own high .

The price of bitcoin has hit a new all-time high, reaching above $118,000 (£87,000) for the first time in its history. The latest rally comes despite global economic and geopolitical uncertainty ...

Factors contributing to Bitcoin’s surge include the pro-crypto stance of President Trump, which has spurred greater interest from institutional investors.