Bitcoin reaches new record - Reason, expectations for interest rate cuts and supportive policies
Bitcoin hit a record high on Thursday as rising expectations for easier monetary policy from the Federal Reserve added support, along with recently announced financial reforms.
The world's largest cryptocurrency rose as much as 0.9% to $124,002.49 during Asian trading, surpassing its previous high reached in July. On the same day, the second-largest cryptocurrency, ether (ETH), hit $4,780.04, its highest level since late 2021.
Bitcoin's rise is being driven by growing certainty of interest rate cuts by the Fed, sustained institutional buying and moves by the Trump administration to ease investment in cryptoassets, according to market analysts.
"Technically, if Bitcoin stays above $125,000 for a certain period, it could continue to rise to $150,000," experts explain.
The cryptocurrency has surged nearly 32% since the start of 2025, buoyed by long-awaited regulatory victories for the sector following President Donald Trump’s return to the White House. The US leader has dubbed himself the “crypto president” and his family has entered the sector in some form over the past year.
An executive order last week paved the way for the inclusion of digital assets in 401(k) retirement accounts, highlighting an increasingly favorable regulatory climate in the United States. However, incorporating crypto into retirement savings also carries risks, as this asset class tends to be much more volatile than stocks and bonds.
During 2025, cryptocurrencies have achieved several victories in the US, including the approval of regulations for “stablecoins” and a move by the US securities regulator to reform existing regulations to include this asset class.
Bitcoin's rise has also fueled a general boom in the crypto sector over the past few months, sidestepping concerns about trade fees.
According to data from CoinMarketCap, the total crypto market capitalization has reached over $4.18 trillion, up from around $2.5 trillion in November 2024, when Trump won the US presidential election.
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