Bitcoin has hit a new record higher than $ 124,000
Which is run with major changes in the economy, friendly rules for crypto and strong demand from big investors.
🚀 Why bitcoin is growing:
Expected interest rates: Inflation in U.S is easing, and many people hope that the Federal Reserve will cut interest rates in September. This makes investment such as bitcoin more attractive.
Pro-Crypto government Move:
Under President Trump, American policies now allow crypto in the retirement plan and even consider it for national reserves.
Big investors are buying:
Bitcoin ETF has recently seen more than $1 billion in new money, and companies are adding bitcoins to their balance sheet.
Increase in stock market:
The US stock markets are hitting the record high, and the weak dollar is also helping to climb at the price of bitcoin.
📊 What is next?
Analysts say that bitcoin can grow up to $ 130K-$ 134k, and maybe $ 150K, if it remains above the major support levels. But upcoming inflation figures and Federal Reserve decisions can still shake things.