Bitcoin shot over the previous high of July, rallying to more than $124,000 and establishing a new record. This rally was after a spate of impressive breakouts beyond resistance at 120,923 and 123,164. Futures markets are pricing in more than 80% likelihood that the Federal Reserve will cut its rates in September, a history that has seen risk assets benefit as a result. Bitcoin exhibited a 33 percent year-to-date increase and a near twofold increase in the last 12 months as the asset is increasingly becoming confident in the third sector.
Ethereum Cloaks Near Breaking Historical Milestone
Ethereum surged to as high as approximately $4,780 against its record high of $4,800. The asset has notched 41 percent during the year-to-date period. Standard chartered, currently, has an anticipated target of $7,500 in the next six months. Firm ETF inflows and steady retail involvement are being seen as further boosters to ETH prices, which are currently moving in a range not experienced since 2021.
Regulatory Clarity and Policy Support Are Momentum Makers
The positive policy shifts in the U.S. such as access to retirement plans in terms of crypto crypto adoption and GENIUS Act passing helped the crypto markets. All this accompanied by a weaker dollar and anticipation of interest rate reduction has made a powerful case about the growth and involvement of traditional finance in digital assets.
Enthusiastic Market Beats traders to $126K and More
Positions in options markets indicate the possibility of further upside, with the traders aiming to get to $126,000, with even higher prices of $132,000. In case there is momentum on the market. In the case of Ethereum, consolidation above 4,800 should start a new phase of price discovery. With both of the assets in the vicinity of new records and on-chain data highlighting robust network activity, investors are highly observing critical resistance levels that would mark the next chapter in the 2025 rally.
