Bitcoin reached a record high of $124,002.49 on Thursday during early Asia trading. The gain came as expectations for easier monetary policy from the Federal Reserve boosted sentiment. The price rise surpassed its previous peak set in July this year.
Ether, the second-largest crypto token, also surged to $4,780.04 on the day. This marked its highest level since late 2021. The climb reflected growing strength across the cryptocurrency market.
Analysts linked Bitcoin’s rally to three main drivers. These included rising certainty over Fed rate cuts, continued institutional buying, and the Trump administration’s moves to ease investment rules for crypto assets.
IG market analyst Tony Sycamore said, “Technically, a sustained break above $125k could propel BTC to $150,000.” His note suggested strong technical momentum if resistance is cleared.
Bitcoin’s price has jumped nearly 32% so far in 2025. This follows a series of long-sought regulatory wins for the crypto sector. The momentum began after President Donald Trump returned to the White House.
Trump has called himself the “crypto president.” Over the past year, his family has made several moves into the sector. These actions have been seen as supporting market confidence.
The rally also coincided with recently announced financial reforms. These reforms have been viewed as favourable for digital asset investment. The combination of policy changes and market optimism has created strong upward pressure.
Institutional interest continues to build, adding fuel to the rally. Large investors appear to be positioning for further price gains. Market watchers are now looking closely at the $125K resistance level.
If Bitcoin sustains a breakout above this mark, analysts believe the next major milestone could be $150K. Traders are watching for both policy news and market signals that could trigger the next leg higher.
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