Bitcoin Hits New Record High Amid Favorable US Legislation

The cryptocurrency bitcoin set a new record overnight on Thursday when it briefly reached over 124,000 dollars in the wake of favorable legislation in the USA.

» Published: August 14 2025 at 05:14

Bitcoin Hits New Record High Amid Favorable US Legislation
Photo: Petr David Josek/AP/TT

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The Bitcoin exchange rate has set a new record several times in 2025.

The climb began in November last year when Donald Trump, who signaled a crypto-friendly policy, won the presidential election in the USA.

Other cryptocurrencies – such as the second largest, ether – have also set exchange rate records.

On Thursday morning, one bitcoin was worth 1,175 million kronor, while one ether was at just over 45,000 kronor.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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