Bitcoin just hit a new all-time high, days after breaking a previous record, proving yet again why it’s the greatest investment asset – certainly from an accessibility point of view – of the 21st century.
$BTC climbed to $124,501 in the early hours today , edging past its previous all-time high of $123,217 by the slimmest of margins. Yet the move is still highly significant.
Why? Because it signals that the broader crypto market has now priced in the strong likelihood of a Federal Reserve rate cut in September.
Prediction market Polymarket shows that an overwhelming 88% of users expect the Fed to lower interest rates by at least 25 basis points.
Such a move would likely ignite risk-on sentiment, funneling fresh capital into traditionally higher-risk assets like cryptocurrencies. And