Bitcoin price reached an all-time high in the early morning of August 14 (Vietnam time). Photo: Reuters.
Early morning of August 14 (Vietnam time), Bitcoin - the world's largest digital currency - increased by 0.9% to 124,000 USD, breaking the record set on July 14. Currently, Bitcoin is temporarily retreating to the 123,000 USD mark.
Notably, Ether - the second-largest cryptocurrency - also hit $4,780, its highest level since late 2021.
According to Tony Sycamore, market analyst at IG, Bitcoin's rally is supported by expectations of an early Fed rate cut, persistent institutional buying, and the Trump administration's move to loosen regulations on investing in digital assets.
“ If it breaks above $125,000, Bitcoin could head towards $150,000 ,” he asserted.
Bitcoin price movements in the past 24 hours. Photo: CoinMarketCap.
Bitcoin has risen nearly 32% since the beginning of the year thanks to important steps in the legal framework after Mr. Trump returned to the White House. Calling himself the "Crypto President," he and his family have continuously supported this asset.
A recent executive order paved the way for the inclusion of digital assets in 401(k) retirement accounts, reflecting the increasingly favorable regulatory environment in the US.
This policy follows a series of legal victories since the beginning of the year, including new regulations on stablecoins and the US Securities and Exchange Commission (SEC) adjusting regulations to better suit this type of asset.
Bitcoin's rise has also led to a wave of price increases across the entire cryptocurrency market, despite the impact of the Trump administration's wide-ranging tariff policy.
Data from CoinMarketCap shows that the cryptocurrency market capitalization has exceeded $4,180 billion, a sharp increase from about $2,500 billion in November 2024 - the time Mr. Trump was re-elected.
The latest executive order not only expands access to digital assets in 401(k) accounts, but also promises to benefit fund managers like BlackRock and Fidelity, which operate cryptocurrency ETFs.
However, experts warn that putting cryptocurrencies into retirement portfolios still carries risks, because this type of asset has a much higher volatility than stocks and bonds - which are traditional investment channels for pension funds.
Source: https://vtcnews.vn/bitcoin-pha-dinh-moi-thoi-dai-ar959748.html
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