Bitcoin Hits New All-Time High, Ethereum Nears ATH

Bitcoin continued its strong rally, setting a new all-time high and breaking the previous record set in July. Meanwhile, Ethereum is closing in on its own historical peak, signaling the potential for an explosive breakout.

Bitcoin Hits New All Time High, Ethereum Nears Ath

According to CoinGecko data, Bitcoin reached a fresh high of $124,200, slightly surpassing its July record of $123,100. This surge comes amid a more favorable macroeconomic environment, boosting traders’ risk appetite.

It’s not just cryptocurrencies that are soaring — U.S. stock markets are also on the rise. The S&P 500 and Nasdaq both set new records, while the Dow Jones moved closer to its all-time high. Investors are betting that the U.S. Federal Reserve (Fed) will cut interest rates soon.

Over the past seven days, Bitcoin has gained 6%, bringing its year-to-date increase to around 30% from its opening 2025 price of $94,384. The long-awaited $100,000 milestone was first achieved in December last year, fueled by President Donald Trump’s victory in the November election and surging interest in U.S.-based Bitcoin exchange-traded funds.

Bitcoin Price Chart
Bitcoin Price Chart

Historically, Bitcoin has often traded like a “risk-on” asset, similar to tech stocks, performing strongly in low interest rate environments. The Trump administration — known for its pro-crypto stance — has been increasing pressure on Fed Chair Jerome Powell to lower rates. Trump has publicly called Powell a “major loser” and a “fool,” even threatening to fire him, and recently hinted at possible legal action to force rate cuts — despite the Fed’s independence and the White House’s usual reluctance to interfere directly.

Alongside Bitcoin, Ethereum is also making impressive strides. The second-largest cryptocurrency is trading around $4,728, just 3% shy of its record high of $4,878 set in November 2021. While ETH has lagged behind Bitcoin during past record runs, it is now showing strong upward momentum, raising investor expectations that a new all-time high could be just around the corner.

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