Bitcoin extended its month-long rally this week, breaching a succession of price milestones and setting a fresh record of roughly $118,000 early Friday in Asia. The world’s largest cryptocurrency first reclaimed $110,000 on 9 July before vaulting past $112,000, its highest level since May. Momentum accelerated on 10 July, when the token cleared $113,000, $115,000 and $116,000 within hours, and continued overnight to peak near $118,000 on 11 July. At 11:00 a.m. in New Delhi, Bitcoin was up about 6 percent in the previous 24 hours at $117,863, India Today reported. The latest burst leaves the asset roughly 10 percent higher than its $108,000 level at the start of the week. Analysts cited renewed institutional demand as a key driver. Valor Investe, quoting QR Asset Management, said U.S.-listed Bitcoin exchange-traded funds have attracted about $1.2 billion of net inflows so far in July. A softer dollar, firmer equity markets and supportive signals from the Trump administration—such as March’s executive order to establish a national crypto reserve—have also encouraged risk-taking, market strategists said.