Bitcoin broke through another milestone in Friday’s European trading session, rising above $118,780 to extend its run of new all-time highs in recent days.
The leading cryptocurrency has surged over 8% this week and has doubled over the past 12 months, up from $70K in early November before the US Presidential election was won by Donald Trump.
The Trump administration has touted supportive policies for cryptocurrencies, including an executive order to establish a national reserve of cryptocurrencies, with major financial institutions and retail investors also steadily accumulating bitcoin and other major digital coins and the exchange-traded funds that track them.
Bitcoin has also started to display the dislocation from…
