Bitcoin (BTC) and other altcoins are experiencing significant volatility. Currently, the price of Bitcoin has reached an all-time high of over $124,400.
When BTC reached a new high, Ethereum (ETH) is also on the verge of hitting a new high. ETH briefly touched $4,780 during intraday trading, marking its highest level since the end of 2021.
Analysts indicate that the rise in Bitcoin is due to increased corporate demand and heightened expectations for a rate cut by the Federal Reserve in September.
Bitcoin could reach $150,000!
While the overall upward trend in the market is expected to continue, IG market analyst Tony Sycamore stated that the rise is supported by institutional demand and the Federal Reserve, as well as measures taken by the Trump administration to promote cryptocurrency investment.
