-
Bitcoin Hits Fresh Record as Fed Easing Bets Add to Tailwinds
TOKYO (Reuters) - Bitcoin reached a record high on Thursday as increasing expectations for easier monetary policy from the Federal Reserve provided momentum, complemented by recent financial reforms.
The largest crypto-asset by market capitalization surged as much as 0.9% to $124,002.49 during early Asia trading, surpassing its previous peak from July. On the same day, the second-largest crypto-token, ether, touched $4,780.04, the highest point since late 2021.
Bitcoin's rally has been driven by greater certainty of Fed rate cuts, sustained institutional buying, and policy changes aimed at easing investment in crypto assets, said a market analyst.
An executive order last week paved the way for the inclusion of crypto assets in 401(k) retirement accounts, emphasizing an increasingly favorable regulatory environment in the United States.
The crypto sector has seen multiple regulatory advances in the U.S. during 2025, including the passage of stablecoin regulations and reforms by the U.S. securities regulator to accommodate this asset class.
Bitcoin's surge has led to a broader rally across the asset class in recent months, as it has overcome past economic uncertainties.
Data indicates that the crypto sector's total market capitalization has grown to over $4.18 trillion, up from approximately $2.5 trillion in November 2024, following the election of Donald Trump as U.S. president.
The latest drive for crypto adoption in the U.S. included an executive order enhancing access to crypto assets in 401(k) retirement plans.
This regulatory change could benefit asset managers like BlackRock and Fidelity, which manage crypto ETFs, although the volatile nature of crypto assets brings additional risk to retirement savings.
This article has been published in Reuters via Yahoo News.
Bitcoin hits fresh record as Fed easing bets add to tailwinds
TOKYO (Reuters) -Bitcoin hit a record high on Thursday as increasing expectations for easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms. The world's largest crypto-asset by market capitalisation climbed as much as 0.9% to $124,002.49 in...
finance.yahoo.com
