Bitcoin has surged to a new all-time high, reaching roughly $124,000. This rally has been fueled by growing expectations for Federal Reserve rate cuts, a weaker U.S. dollar, and expanding institutional participation, including the inclusion of crypto assets in 401(k) retirement accounts.
Analysts suggest this upward momentum could drive BTC even higher—$125K appears within reach, and some are projecting a potential climb to $150K if current tailwinds persist.
Broader crypto-related stocks are also benefiting: Strategy (MicroStrategy) is up ~3%, Coinbase is up ~3%, and Robinhood gained nearly 2%, largely due to the regulatory easing for crypto retirement products.
It’s not just Bitcoin; Ethereum is also rallying. It’s now within 3% of its 2021 all-time high, buoyed by favorable macro trends, institutional inflows, and upgrades like the Pectra upgrade and the passage of the Genius Act, which brought regulatory clarity to stablecoins.
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