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Bitcoin Hits All-Time High as Crypto Legislation Votes Near

Crypto News

Bitcoin reportedly hit an all-time high Friday (July 11), driven in part by investors’ optimism around crypto legislation and corporate treasuries’ interest in buying bitcoin.

Bitcoin briefly surpassed $118,000 and it rose as high as $118,872.85, CNBC reported Friday.

At the time of that report, bitcoin was on track to gain 10% for the week and have its best week since April 25.

The bitcoin rally began Wednesday (July 9), driven by a Federal Reserve meeting that revealed a disagreement about how much to cut interest rates, a surge in tech stocks and an expectation that the One Big Beautiful Bill Act will increase the federal deficit, according to the CNBC report.

This was supported by investors’ existing expectations that…

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