<h1>Bitcoin hits record $118,000 high as ETF inflows surge and regulatory optimism grows</h1> Bitcoin reached a new all-time high of USD118,000, driven by record inflows into spot bitcoin ETFs and the current administration's crypto-friendly policies. The cryptocurrency has more than doubled in value from the previous year, supported by a weakening US dollar and regulatory optimism. The Senate passed the GENIUS Act to regulate stablecoins, while the House considers similar legislation. The administration, previously skeptical of cryptocurrency, now actively promotes the industry and has filed paperwork for its own crypto ETF. Despite recent gains, analysts note bitcoin remains highly volatile amid ongoing economic uncertainty and tariff-related market fluctuations.