By TOKYO, Aug 14 (AfrikTimes) – Bitcoin hit a record high on Thursday as growing expectations of easier monetary policy from the Federal Reserve added to momentum from recently announced financial reforms.
The world’s largest cryptocurrency by market capitalisation climbed as much as 0.9% to $124,002.49 in early Asia trading, surpassing its previous peak hit in July. Ether, the second-largest crypto token, reached $4,780.04 — its highest level since late 2021.
“Technically, a sustained break above $125k could propel BTC to $150,000,” he wrote in a note.
Bitcoin has gained nearly 32% so far in 2025 on the back of long-sought regulatory wins for the sector following President Donald Trump’s return to the White House. Trump has dubbed himself the “crypto president,” and his family has made a series of investments in the sector over the past year.
Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024.
Bitcoin’s surge has also sparked a broader rally in the asset class over the past few months, shrugging off the tremors of Trump’s wide-ranging tariff policies.
The U.S. President, Donald Trump: He has repeatedly called himself the “crypto president.”
The latest push for crypto adoption in the United States came via an executive order on Thursday last week, which would ease access to the asset class in 401(k) retirement accounts.
Crypto’s push into retirement savings can also be peppered with risks, as the asset class tends to experience much more volatility than stocks and bonds, which asset managers had typically relied on for such accounts.
Bitcoin soared to a record high, fueled by anticipated Federal Reserve policy changes and financial reforms.
