$BTC
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.#BTC $BTC