AsianFin -- Bitcoin hit a fresh record on Thursday as growing expectations for looser monetary policy from the Federal Reserve added to optimism sparked by recently announced financial reforms.

The world’s largest cryptocurrency by market capitalisation rose as much as 0.9% in early Asian trading to $124,002.49, surpassing its previous peak set in July. Ether, the second-largest crypto asset, also gained, reaching $4,780.04 — its highest level since late 2021.