Crypto surge: Bitcoin hits record high, smashing past $124,000; Trump policies, Wall Street rally drive rise
Bitcoin surged to a fresh all-time high in early Asian trade on Thursday, crossing $124,000 for the first time, supported by upbeat US market sentiment and policy changes favouring the cryptocurrency sector.According to AFP, the world’s largest digital asset briefly touched $124,500 before easing back, breaking its previous record set in July. The rally came on the heels of Wall Street gains, with the S&P 500 and the tech-heavy Nasdaq both hitting new highs this week.Analysts say recent US regulatory shifts under President Donald Trump have played a central role in Bitcoin’s rise. Samer Hasn, senior market analyst at XS.com, was quoted as saying by AFP that “the crypto market is enjoying a period of highly favourable…
