Recent surge in Bitcoin's price is also linked to regulatory changes under US President Trump, who is considered a strong supporter of cryptocurrency
(Web Desk): In Asian markets, Bitcoin price crosses all-time high of $124,000 for the first time in history.
On Thursday, at the start of Asian trading hours, Bitcoin set a new record by surpassing the $124,000 mark. This surge was driven by favorable legislation in the United States and improvements in the US stock market.
Surpassing the previous record set in July, Bitcoin briefly went above $124,500 before experiencing a slight decline.
Additionally, on Wednesday, US stocks also showed improvement. The S&P 500 Index and the tech-heavy Nasdaq Index both hit new highs this week, which also impacted the cryptocurrency market positively.
The recent surge in Bitcoin's price is also linked to regulatory changes under US President Donald Trump, who is considered a strong supporter of cryptocurrency.
Crypto prices have also been bolstered by the influence of major companies and individuals known as “whales” — those who hold large amounts of crypto assets.
Flash floods kill 56 in KP, AJK & GB
- 3 hours ago
Daughter-in-law allegedly tortured to death by in-laws in Rawalpindi
- 3 hours ago
The missing piece of Hulu’s strange new Amanda Knox docudrama
- 8 hours ago
Fiza lashes out at Veena over tiktok videos with minor boys
- 2 hours ago
Jackie Bezos, mother of Amazon founder Jeff Bezos, passes away at 78
- 3 hours ago
What Israelis actually think about starvation in Gaza
- 8 hours ago
13 dead in Kuwait after consuming toxic alcohol
- 2 hours ago
KP govt sends helicopters to Buner, Bajaur for flood rescue
- 2 hours ago
Foolproof security in place for Hazrat Imam Hussain (RA) Chehlum in Karachi
- 4 hours ago
PSX remains steady amid earnings season, economic optimism
- an hour ago
The surprising origins of the “wellness” boom
- 8 hours ago
Bajaur floods and landslides claim 9 lives
- 4 hours ago
