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Bitcoin hits fresh record as Fed easing bets add to tailwinds
Bitcoin hit a record high on Thursday as increasing expectations for easier monetary policy from the Federal Reserve added to tailwinds from recently announced financial reforms. The world's largest crypto-asset by market capitalisation climbed as much as 0.9 per cent to $124,002.49 in early Asia trading, surpassing its previous peak hit in July. On the day, the second largest crypto-token ether hit $4,780.04, the highest level since late 2021. Bitcoin's rally is being powered by increasing certainty of Fed rate cuts, sustained institutional buying and moves by the Trump administration to ease investment in crypto ... (full story)
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The U.S. dollar languished at multi-week lows against major peers on Thursday as traders ramped up bets for the Federal Reserve to resume cutting interest rates next month. Rising expectations for Fed easing combined with increasing institutional cryptocurrency investment powered bitcoin to a fresh record peak. Australia’s dollar gained after data showed ...
From morningstar.com | Aug 13, 2025
Wider acceptance by institutional investors has helped boost the price of bitcoin. Bitcoin topped the $124,000 level for the first time Wednesday, extending a months-long rally. The price of bitcoin (BTCUSD) hit a record high of $124,496 on Wednesday night, according to CoinDesk data. The world's largest cryptocurrency has surged about 33% year to date, and ...
The Producer Price Index for final demand rose 0.9 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in June and moved up 0.4 percent in May. (See table A.) On an unadjusted basis, the index for final demand advanced 3.3 percent for the 12 months ended in July, the largest 12-month ...
