🚀 $BTC breaks record of $124K thanks to dovish signals from the Fed and institutional flows — next stop $150K?
Bitcoin reached a new all-time high of $124K, driven by Jerome Powell's change in tone towards rate cuts and strong purchases from financial institutions. The probability of a cut in September has skyrocketed to 87%, according to the CME FedWatch index, which has spurred appetite for assets like BTC.
At the same time, the weakening of the dollar and favorable regulatory reforms — such as access to crypto in 401(k) accounts — continue to strengthen the rally. This combination of operational catalysts has supported a cumulative increase of 32% in the price of BTC so far this year.
Are you joining the bullish train or waiting for consolidation before the new push?
