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Bitcoin Surges to Record $124,000 on Fed Rate Cut Hopes and US Crypto Reforms
TOKYO, August 15, 2025 — Bitcoin soared to a new all-time high on Thursday, fueled by growing expectations of US Federal Reserve interest rate cuts and optimism over recent pro-crypto policy reforms.
The world’s largest cryptocurrency climbed 0.9% in early Asian trading to $124,002.49, surpassing its previous peak from July. Ether, the second-largest crypto token, also surged to $4,780.04, marking its highest level since late 2021.
Analysts attribute the rally to sustained institutional buying, the Trump administration’s policy shift to ease investment in digital assets, and momentum from long-awaited regulatory clarity. IG Market analyst Tony Sycamore noted that “a sustained break above $125k could propel Bitcoin to $150,000.”
Bitcoin has already gained nearly 32% in 2025, boosted by President Donald Trump’s pro-crypto stance and his administration’s active engagement with the sector.
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