Bitcoin hits fresh record high

Bitcoin hit a record high on Thursday, August 14, 2025, as increasing expectations for easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms.

Bitcoin, the world’s largest crypto-asset by market capitalization, climbed as much as 0.9% to $124,002.49 in early Asia trading, surpassing its previous peak hit in July.

On the day, the second-largest crypto-token ether hit $4,780.04, the highest level since late 2021.

Bitcoin’s rally is being powered by increasing certainty of Fed rate cuts, sustained institutional buying and moves by the United States Donald Trump administration to ease investment in crypto assets, said IG market analyst Tony Sycamore.

”Technically a sustained break above $125k could propel BTC to $150,000,” Sycamore said in a statement.

Stock market investors lose N121bn

Bitcoin has risen nearly 32% so far in 2025 on the back of long-sought regulatory wins for the sector following Trump’s return to the White House, Reuters reported.

Trump has called himself the “crypto president” and his family has made a series of forays into the sector over the past year.

An executive order last week paved the way to allow crypto assets in 401(k) retirement accounts, highlighting an increasingly favorable regulatory environment in the United States.

Bitcoin’s surge has also sparked a broader rally in the asset class over the past few months, shrugging off the tremors of Trump’s wide-ranging tariff policies.

According to data from CoinMarketCap, the crypto sector’s overall market capitalisation has ballooned to over $4.18 trillion, up from about $2.5 trillion in November 2024, when Trump won the U.S. presidential election.

The Star