#BTC
Bitcoin hit a new all-time high above $124,400–124,500 today before pulling back to around $118,458, with the intraday range spanning approximately $117,982 to $124,234 .
Year-to-date gains are roughly 30–33%, with a surge of +7% in August alone, reflecting strong bullish sentiment .
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Key Drivers Behind Today’s Move
1. Federal Reserve optimism
The U.S. dollar weakened to multi-week lows as market bets on a Fed interest rate cut in September grew, boosting BTC demand .
2. U.S. pro-crypto policy swing
Recent executive orders now permit crypto in 401(k) retirement plans
