Bitcoin Nears $124K Amid US Policy Support

Bitcoin Nears $124K Amid US Policy Support
Key Points:
  • Bitcoin nears an all-time high amid US policy changes.
  • US President advocates pro-crypto reform and rate cuts.
  • Bitcoin ETFs see substantial inflows and market influences.

Bitcoin soared to an unprecedented high above $124,000 in early October 2025, driven by institutional investments and supportive U.S. policies, before facing resistance.

The surge impacts markets, highlighting Bitcoin’s systemic influence and the significant role of institutional players like BlackRock amid evolving U.S. economic strategies.

Bitcoin surged to almost $124,000 in early October, bolstered by strong institutional inflows and pro-crypto US policy momentum. The price surge was driven by ETF inflows and anticipation around potential Federal Reserve interest rate cuts.

Key players involved include institutional investors and US political figures. Major ETF providers like BlackRock led the inflow with over 770,000 BTC, while President Trump advocated for interest rate cuts to promote digital finance.

Now is the time to unleash American innovation. I am calling for the Fed to cut interest rates and ensure the US remains the leader in crypto and new finance. – Donald Trump, President of the United States

The immediate market impact was significant, with Bitcoin briefly surpassing Google in market capitalization. Institutional inflows into Bitcoin products indicate a large liquidity migration, benefiting major cryptocurrencies such as Ethereum alongside Bitcoin.

Financially, Bitcoin ETFs attracted significant inflows, which directly influenced market capitalization. Politically, calls for Federal Reserve rate cuts heightened, affecting sentiment within the digital assets market and promoting broader crypto adoption.

Potential outcomes include increased integration of digital assets in mainstream finance. Historical parallels with previous ETF influences suggest a strong foundation for future asset performance. Technological and regulatory shifts could further enable institutional participation in crypto markets.

MoonCarl shares insights on cryptocurrency trends:

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