Bitcoin reached a new all-time high of $76,658 on Thursday, propelled by a massive $130 billion increase in trading activity. This surge followed the Federal Reserve’s decision to lower interest rates by 25 basis points, bolstering investor confidence amid prevailing economic anxieties.

Donald Trump’s presidential win further amplified the rally, reigniting substantial interest in Bitcoin from both retail and institutional investors.

The Federal Reserve’s decision to implement a 25-basis-point rate cut provided a much-needed boost to market sentiment. In a climate of economic uncertainty, this move was interpreted as a positive signal, encouraging investors to seek alternative assets like Bitcoin.

The performance of BlackRock’s Bitcoin Exchange-Traded Fund (ETF) further evidences Bitcoin’s growing appeal.

The ETF reported a record single-day trading volume of $4.1 billion, a clear indication of the increasing institutional appetite for cryptocurrency investments.

The convergence of these factors—the Fed’s rate cut, Trump’s victory, and the surge in institutional investment—has created a unique environment for Bitcoin, suggesting a potential long-term bullish trend for the digital asset.