Bitcoin reached a record high above $124,000, driven by speculation of an impending U.S. interest rate cut, with analysts citing strong market dynamics and order book conditions. The top cryptocurrency rose 3.6% in 24 hours and remained stable near $123,500. Analysts emphasized that liquidity in risk assets is high, with no signs of overheating in the market. Ethereum and XRP also saw price increases, supported by a favorable regulatory environment under the current administration. U.S. Treasury Secretary suggested a possible rate cut, which could further stimulate markets and investment in risk assets. However, some experts warned that the market might be overly reliant on expected Fed rate cuts, highlighting potential risks. The regulatory clarity resulting from key regulatory developments is likely to enhance investor confidence in the cryptocurrency space, which includes Ethereum and XRP. Overall, the current market presents significant opportunities, but caution remains regarding the assumptions of future economic policy changes.

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