Bitcoin has reached yet another all-time high, surpassing $118,000 for the first time on Friday — as a flood of money continues to move into spot bitcoin ETFs, all while U.S. President Donald Trump's crypto-friendly influence makes its way through Washington.

Bitcoin topped the $118,000 level for the first time, surpassing Thursday’s record as it continued to gain from its increasing adoption by companies as a reserve asset and lawmakers passing pro-crypto legislation.

As Bitcoin climbs past $118K, Pi Coin heads in the opposite direction, now trading near all-time lows at $0.465. With bearish technicals, fading momentum, and a 26% drop in two weeks, questions swirl about PI's viability. Analysts say a breakout could spark recovery, but time is running out.