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What is the latest news about Bitcoin?

Asked 5 hours ago

Answer

Bitcoin has reached a new record high above $124,000, driven by expectations of Federal Reserve rate cuts, institutional investment, and regulatory support from the Trump administration. The crypto market's total value has grown significantly since November 2024.

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Reuters

Bitcoin hit a new high as Fed rate-cut expectations fuel its rise

Reuters ยท Recent
Reuters
Reuters
Recent
  • Bitcoin surpassed its previous record, reaching over $124,000. 7s
  • The rally is driven by expectations of Fed rate cuts and institutional buying. 13s
  • Pro-crypto policies from the Trump administration have supported the market. 20s
  • An executive order now allows crypto assets in 401k retirement accounts. 47s
  • The total crypto market value has grown to over $4.18 trillion since November 2024. 1m 9s
Crypto

References

Bitcoin hit a new high as Fed rate-cut expectations fuel its rise
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Reuters
23 hours ago
Bitcoin hit a new high as Fed rate-cut expectations fuel its rise

Bitcoin climbed nearly 1% to over $124,000 in early Asia trading, surpassing its previous peak from July.

Bitcoin hit a new high as Fed rate-cut expectations fuel its rise
Icon
Reuters
23 hours ago
Bitcoin hit a new high as Fed rate-cut expectations fuel its rise

Analysts attribute the rally to expectations of Federal Reserve rate cuts, institutional buying, and pro-crypto moves by the Trump administration.

Bitcoin hit a new high as Fed rate-cut expectations fuel its rise
Icon
Reuters
23 hours ago
Bitcoin hit a new high as Fed rate-cut expectations fuel its rise

The crypto market's total value has grown to over $4.18 trillion since Trump's November 2024 election win.

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