Bitcoin Breaks Barriers Amid Fed Hints
Bitcoin touched a new record in early Asian trading on Thursday, fueled by potential policy easing from the Federal Reserve and recent financial reforms. The world’s leading cryptocurrency rose by 0.9 percent to $124,002.49, surpassing its previous record set in July. On the same day, Ether climbed to $4,780.04, marking its highest level since the end of 2021, according to Reuters.
IG Markets analyst Tony Sycamore noted, “Assurances of interest rate cuts, increased institutional investment, and steps by the Trump administration to facilitate crypto investments have accelerated Bitcoin’s rise. If it stabilizes above $125,000, Bitcoin could reach up to $150,000.”
Bitcoin has surged nearly 32 percent so far in 2025. Last week, an executive order in the United States authorized investments of crypto assets in retirement 401(k) accounts, which has positively influenced the market.
