Fueled by Trump’s pressure on the Fed and a tidal wave of investor optimism, the world’s most famous cryptocurrency is on an unstoppable run.

By Niket Nishant and Manya Saini (Reuters) -U.S.-listed crypto stocks jumped on Friday as bitcoin surged to a record high in the run-up to a landmark week that could cement policy wins for the crypto industry.

Shares of software maker Strategy ( MSTR ), the biggest corporate holder of bitcoin, were up nearly 3%. Shares of cryptocurrency miners MARA Holdings ( MARA) and Riot Platforms ( RIOT) added about 4% and 2%, respectively.

Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.

U.S.-listed cryptocurrency stocks rose in premarket trading on Friday as bitcoin surged to a record high on growing optimism that regulatory hurdles would soon begin to ease.

House Republicans called the upcoming “Crypto Week” a step to make the U.S. the “crypto capital of the world.”

Strategy (MSTR), the holder of the biggest BTC stash among publicly traded companies, rose more than 3% and BlackRock iShares Bitcoin Trust ETF (IBIT) added 4%. Crypto exchange Coinbase (COIN) gained 2.5%. In Europe, The Blockchain Group (ALTBG), which is also building a bitcoin treasury, surged 12%.

The HIVE Digital Technologies (Nasdaq: HIVE) stock reached $2.47 on July 11, piggybacking on the phenomenal all-time high (ATH) Bitcoin reached this week. The stock is at its four-month high, as it last reached $2.52 on Feb. 24.

Bitcoin reached a fresh, all-time high above $116,000 on Thursday, July 10, a development that one analyst highlighted as a clear sign of rapid evolution.

Bitcoin treasury companies are becoming a dominant force in the crypto market, while more spot crypto ETFs and crypto-related IPOs are also right around the corner.

MicroCloud Hologram (NASDAQ:HOLO) has invested up to $200 million in Bitcoin and cryptocurrency-related securities derivatives, generating a cumulative investment income of $34.02 million as of July 11.