Bitcoin Smashes $124K Record
Crypto’s flagship surges to all-time high on U.S. inflation data, regulatory tailwinds, and Trump administration moves to open retirement accounts to digital assets
Twitter
`Bitcoin hit a historic high overnight, climbing 0.9% to $124,002.49 in early Asian trading before easing slightly to around $123,300. The rally comes on expectations of a looser monetary policy from the U.S. Federal Reserve, fueled by favorable inflation figures and fresh financial reforms. Ethereum, the second-largest cryptocurrency, also surged, reaching $4,780.04, its highest level since late 2021.
Analysts point to growing institutional buying, anticipation of rate cuts, and policy shifts under President Donald Trump, who has dubbed himself “the crypto president.”
A recent executive order opened the door for cryptocurrency investments in 401(k) retirement accounts, underscoring a friendlier regulatory environment in the U.S.
Bitcoin has gained nearly 32% since the start of 2025, buoyed by regulatory wins and renewed investor optimism. The total market capitalization of the crypto sector has swelled to over $4.18 trillion, up from about $2.5 trillion in November 2024 following Trump’s election victory.
Still, experts caution that introducing volatile digital assets into retirement savings carries risks compared to traditional holdings like stocks and bonds.