Bitcoin at all-time high amid ‘Crypto Week’: What does it mean?

Bitcoin shattered its all-time high on Thursday, going past $118,000 and even smashing the $119,000 barrier on Friday before settling at $118,780.

The rally comes amid a stock market tumble due to trade and tariff tensions caused by US President Donald Trump’s tariff letters to more than 20 countries. It also breaks a two-month lean period for the cryptocurrency market, as Ether climbed above $3,000 for the first time since February.

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