Bitcoin, the original rebellious teenager of the financial world, has once again proved it doesn’t like to stay grounded. On Friday, it swatted aside its recent trading range like an annoying fly, casually cruising past $117,000 and peaking at $117,845; a fresh record that’s got bulls celebrating and bears quietly rethinking their life choices.

This latest price stunt didn’t happen in a vacuum. According to CoinDesk data, Bitcoin was up 3.7% in the last 24 hours, fueled by a potent mix of ETF inflows, institutional interest, and what financial folks like to call a “more constructive regulatory environment”, translation: the adults in charge are (finally) learning how crypto works.

Gerry O’Shea of Hashdex chimed in with the sort of cautiously euphoric commentary that analysts reserve for moments like these: despite “macro uncertainty” (code for we have no idea what the Fed is doing), the bull run is “far from over.” He even floated the idea of $140,000 Bitcoin this year. Optimistic? Sure. Impossible? Not according to the current mood.

Meanwhile, Ethereum, Bitcoin’s more introspective cousin, surged above $2,800, gaining 5%. XRP also showed signs of life, up 3.5%. And the CoinDesk 20 Index climbed 3.4% to its best level since May, which in crypto time is roughly equivalent to “about six dramatic news cycles ago.”

What’s behind all this bullishness? Apparently, a perfect storm: ETFs are vacuuming up coins, companies are adding BTC to their treasuries like it’s a corporate flex, and the market’s collective mood has shifted from “cautious optimism” to “full-send.”

So yes, Bitcoin is back in price discovery mode, altcoins are tagging along like eager little siblings, and the crypto crowd is (once again) googling “how high can this thing go?”

Let’s just hope this time we’ve learned to fasten our seatbelts.

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