Boosted by the growing prospect of a more accommodative monetary policy from the US Federal Reserve, Bitcoin hit a record high on Thursday.

The world's largest cryptocurrency by market capitalization soared as much as 0.9% to $124,002.49 during early trading in Asia, surpassing its previous peak in July. On the same day, ether, the second largest cryptoasset, reached $4,780.04, a level not seen since the end of 2021

Since the beginning of 2025, Bitcoin has grown by nearly 32% thanks to long-awaited regulatory advances in the sector, against the background of President Donald Trump's return to the White House.

Cryptocurrency recorded several regulatory victories in the United States in 2025, including the adoption of regulations on stablecoins and the decision of the American financial market regulator to review its regulations in order to integrate this asset class.