<ul data-eligibleForWebStory="false"><li>Bitcoin hit a new all-time high of $118,900, surpassing its previous record of $113,822 in less than 24 hours.</li><li>Its current price sits around $117,400 at the time of writing, marking a significant milestone considering its previous low of $76,000 in April and a sharp decline to nearly $49,000 in August.</li><li>Analysts speculate that reaching $150,000 could trigger a buying frenzy, but the cryptocurrency market remains highly unpredictable.</li><li>Factors like President Trump's pro-crypto stance and increasing interest from institutional investors aiming to capitalize on the potential role of cryptocurrencies in the financial sector have contributed to Bitcoin's surge. Trump's executive order in March established a strategic Bitcoin reserve.</li></ul>

Bitcoin surpasses $118K, its second all-time high, in less than 24 hours

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