Bitcoin Hits All-Time High Above $118,000, Fueled by Tech Rally

Bitcoin surged to a new all-time high above $118,000, mirroring the strong performance of tech stocks like Nvidia. Analysts attribute the rally to sustained institutional investment, increased corporate bitcoin holdings (e.g., MicroStrategy, GameStop, Trump Media), and anticipation surrounding upcoming crypto regulation discussions during "Crypto Week." The correlation between Bitcoin and tech stocks, along with shifting regulatory expectations, are key factors driving the price increase.