Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration.The world's largest cryptocurrency rose to a peak of $116,

Bitcoin rose to a record high on Friday, driven by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration.

Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.

Crypto investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class.

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.