Bitcoin's bull run continues. The cryptocurrency rose as high as $118,739.86 on Friday, according to CoinDesk data, notching a new intraday high for a third straight day. Bitcoin recently stood a little lower,

Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.

Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds.

Crypto exchange Coinbase Global ( COIN) and bitcoin treasury company Strategy ( MSTR) were both up roughly 5% on the day. Stocks generally rose Wednesday, with the tech-focused Nasdaq Composite finishing at its own high .

Bitcoin has pushed to a record $113,734.64, lifted by demand from big investors and new crypto-friendly policies under US President Donald Trump. Options traders now see higher levels ahead, with targets up to $150,

Bitcoin is making an attempt to break out above the $110,000 level that has been a significant barriers during previous rallies.

Factors contributing to Bitcoin’s surge include the pro-crypto stance of President Trump, which has spurred greater interest from institutional investors.

The upbeat sentiment is a result of court rulings and policy signals suggesting a shift toward clearer oversight instead of outright crackdowns, which had led to years-long standoff between crypto firms and U.