Crypto Surge: Bitcoin Hits Record High, Smashing Past $124,000; Trump Policies, Wall Street Rally Drive Rise

Crypto surge: Bitcoin hits record high, smashing past $124,000; Trump policies, Wall Street rally drive rise

Bitcoin soared to a record high of $124,500 on Thursday, driven by positive US market sentiment and regulatory changes. Analysts attribute the surge to President Trump's policies easing restrictions on crypto firms, encouraging institutional investment. Major players like Trump's media group and Tesla have significantly contributed to the rally.

Bitcoin Hits Record High Above $1,24,000

The world's largest crypto-asset by market capitalisation climbed as much as 0.9% to $124,002.49 in early Asia trading, surpassing its previous peak hit in July.

Bitcoin price hits fresh all-time high exceeding $123,300 — Binance platform data

By 1:55 a.m. Moscow time, the price of the cryptocurrency had narrowed gains to 2.57% as it traded at $123,200