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.

According to data from CoinMarketCap, the going price for bitcoin climbed as high as USD118,856 early Friday. Last month, the Senate in US passed legislation that would regulate a form of cryptocurrency known as stablecoins,

Bitcoin surged to a new high this week as Congress prepared to review three key pieces of digital asset legislation.Bitcoin powered near $118,860 overnight Thursday, breaking out of its recent $100,000 to $110,

Bitcoin rose above $118,000 on Friday, extending the token's record-setting rally into its third day.