Bitcoin scales new peak as Fed rate-cut hopes, reforms fuel rally



Bitcoin surged to an all-time high on Thursday, buoyed by growing expectations of monetary easing by the U.S. Federal Reserve and momentum from recently unveiled financial reforms. The world’s largest cryptocurrency rose as much as 0.9% to $124,002.49 in early Asian trade, surpassing its July record. Ether also climbed to $4,780.04, its highest since lat 2021.

Comments