Bitcoin has soared to a new all-time high above $112,000, marking a significant rise after President Trump urged the Federal Reserve to cut interest rates again. On Thursday, Bitcoin reached $112,599, up 3.5% for the day, following a previous high just over $112,000 set a day earlier. Trump highlighted the booming crypto and stock markets, emphasizing that it was time for the Fed to lower rates, asserting that there is 'no inflation.' This resurgence follows a period of struggle for Bitcoin earlier in the year, amid other asset declines. Analysts suggest that Bitcoin's rally is fueled by strong institutional demand and ETF inflows, noting further potential for price growth as investors remain optimistic about upcoming Fed actions. The broader crypto market responded positively as well, with Ethereum and other significant altcoins also showing gains. However, experts caution that the market remains susceptible to volatility if investor sentiment shifts.

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