Bitcoin reached an all-time high of $124,002.49 in Asian trading on Thursday. This increase was supported by strengthening expectations of a Fed interest rate cut and optimism generated by regulatory steps towards crypto in the US. Ether also rose to $4,780.04, its highest level since the end of 2021.
IG analyst Tony Sycamore said, “A sustained break above $125,000 could push the price to $150,000.” Bitcoin has gained 32% since the beginning of 2025. President Donald Trump, declaring himself the “crypto president,” has announced a series of reforms to facilitate crypto investments. Last week, a presidential executive order allowed crypto assets to be included in 401(k) retirement accounts. In 2025, stablecoin regulations were also legalized, and the US Securities and Exchange Commission revised its rules to include crypto. The total value of the crypto market has risen from $2.5 trillion in November 2024, when Trump won the election, to $4.18 trillion today. However, experts emphasize that adding crypto to pension funds carries significant risks due to high volatility.
