Business Desk 
Aug 14, 2025
In the wake of expectations of easier monetary policy from the Federal Reserve, Bitcoin rose to record high on Thursday, with the latest surge complemented by recently announced financial reforms in the US.
Bitcoin, the world’s largest cryptocurrency by market capitalisation, gained around 0.9% to reach $124,002.49 in early Asian trading.
With the latest hike, Bitcoin has surpassed its previous peak it touched in July this year, as reported by Reuters.
On the sidelines of Bitcoin's new high, Ether, the second-largest cryptocurrency, climbed to $4,780.04, reaching its highest level since late 2021.
The ongoing Bitcoin rally is reportedly driven by certainty around the expected Fed rate cuts, sustained institutional buying, and initiatives by the Trump administration to promote investment in crypto assets, as per IG market analyst Tony Sycamore.
He noted, “Technically, a sustained break above $125k could propel BTC to $150,000.”
The world's most traded crypto currency has surged nearly 32% so far in 2025, mainly led by long-awaited regulations in its favour following Donald Trump's return to the White House.
Having caused a crypto frenzy, Trump described himself as the "crypto president," as his family has been actively engaged in the market since last year.
