#MarketTurbulence In the morning of August 14, Bitcoin surpassed the $124,200 mark for the first time. The exchange rate of the most popular cryptocurrency in the world exceeded the July record of $123,000 due to the anticipated easing of the Federal Reserve's monetary policy, institutional investments, and financial reforms of the Donald Trump administration.
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The price of Bitcoin rose by 0.9% on Thursday to $124,200, while the price of Ethereum climbed to $4,780 – the highest level since the end of 2021. As of 11:00, the rate slightly retreated. Bitcoin is trading around $122,000, while Ethereum is at $4,750.
IG analyst Tony Sycamore believes that a stable consolidation above $125,000 could push Bitcoin to $150,000. Since the beginning of 2025, the cryptocurrency has risen nearly 32% after a series of regulatory victories, including the inclusion of crypto assets in retirement accounts and the adoption of rules for stablecoins.
The next Federal Reserve meeting, where a decision on lowering the interest rate may be made, is scheduled for September 16–17, 2025. U.S. Treasury Secretary Scott Bessen believes there is a high likelihood of a 0.5% (50 basis points) rate cut considering the revised economic data indicating weaker growth.
