MADRID, 14 (EUROPA PRESS)
Bitcoin, the most valuable and well-known cryptocurrency on the market, reached a new all-time high on Thursday after reaching $124,000 for the first time, amid the prospect of rate cuts by the U.S. Federal Reserve and favorable legislative moves by Washington.
Specifically, the cryptocurrency's price reached a new all-time high during the session of $124,457, 1% above yesterday's trading price, although it subsequently eased its momentum to trade above $121,000, according to CoinMarket data consulted by Europa Press.
In this sense, the cryptocurrency has accumulated a 33% appreciation in 2025, while since Donald Trump's electoral victory in the United States presidential elections at the beginning of last November, the increase has reached 83%.
Among the factors driving Bitcoin's new rally, in addition to the prospect of the Fed beginning a new cycle of interest rate cuts in September, is support from the White House, after Donald Trump gave the green light last week to the inclusion of cryptocurrencies in private pension plans, allowing these savings vehicles to invest in crypto assets.
This favorable climate for the sector, sponsored by the US administration, has also boosted so-called bitcoin treasury companies, with a growing number of listed companies seeking to boost their share prices by acquiring digital assets like bitcoin.
