Bitcoin Hits Fresh Record

UNITED STATES – Bitcoin surged to a new high, surpassing $124,000 in early Asian trading on Thursday, driven by expectations of Federal Reserve rate cuts and pro-crypto reforms under the Trump administration.

Ether also reached its highest level since 2021. Analysts say a sustained move above $125,000 could push Bitcoin toward $150,000.

The rally follows a series of U.S. regulatory wins for crypto, including rules allowing digital assets in 401(k) retirement accounts, pushing the total crypto market capitalization above $4 trillion—up more than $1.5 trillion since last November.