Bitcoin broke through the $125,000 mark for the first time on Sunday, extending a powerful rally that analysts say could continue into the end of the year.
The world’s largest cryptocurrency jumped 3 per cent in Asian trading to reach $125,245, propelled by institutional inflows, a weaker US dollar, and renewed political support for digital assets in Washington.
The milestone follows months of sustained momentum for Bitcoin and the wider digital asset market, buoyed by growing exchange-traded fund (ETF) activity and a steady reallocation of capital away from traditional equities and bonds.
Nigel Green, chief executive of deVere Group, said he expects Bitcoin to reach $150,000 before the end of 2025, describing the rally as “a reflection of structural change” in global markets.
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