• Bitcoin hits $124K ATH as Trump’s pro-crypto reforms and Fed cut hopes drive investor demand.
• Trump opens 401(k)s to Bitcoin, boosting adoption from the $7.5T US retirement market.
• MAGACOIN FINANCE named top 2025 altcoin presale with $11.7M raised and DeFi-meme hybrid appeal.

Bitcoin surged past $124,000 this week, driven by US policy shifts under President Donald Trump and optimism over a September Fed rate cut.

At the same time, analysts are spotlighting MAGACOIN FINANCE as the best altcoin presale for building cycle-defining portfolios in 2025.

Bitcoin hits record high above $124K

Bitcoin reached $124,457 early Thursday before stabilizing near $121,500, marking a fresh all-time high.

The rally follows a breakout from $116,000 earlier in the week and comes amid growing institutional inflows and increased retail participation.

Ethereum also climbed to $4,700, its highest since late 2021, with the two assets now controlling about 70% of the crypto market.

Bitcoin’s market capitalization briefly surpassed Google’s $2.45 trillion valuation, positioning it as the fifth-largest global asset.

Analysts suggest that consistent 401(k) inflows and treasury allocations from major corporations are adding a steady demand layer.

Citi noted that adoption-driven price action is now backed by tangible policy changes, creating a structural shift in Bitcoin’s growth trajectory.

Trump’s pro-crypto reforms fuel demand

President Trump has accelerated efforts to make digital assets more accessible to US citizens.

Recent changes include SEC regulatory adjustments to support crypto products and legislation for stablecoins.

A new executive order now permits Bitcoin and other cryptocurrencies in 401(k) retirement accounts, unlocking potential demand from the $7.5 trillion US retirement market.

While tariff policies have added pressure to traditional markets, lighter regulations and easier access to crypto are attracting both institutional and retail investors.

MAGACOIN FINANCE rated best altcoin to buy in 2025

As Bitcoin dominates headlines, presale opportunities are drawing attention from strategic portfolio builders.

MAGACOIN FINANCE has been rated by analysts as the best altcoin presale for cycle-defining plays in 2025.

Built on a security-first infrastructure and already exceeding $11.7 million in presale allocations, the project combines meme coin appeal with practical DeFi applications.

Its ongoing presale offers early positioning ahead of expected exchange listings, with forecasts suggesting strong upside potential as adoption scales.

In Sum

Bitcoin’s rally underscores the impact of policy support and macroeconomic shifts on the crypto market.

For investors eyeing diversification, MAGACOIN FINANCE offers an early-stage entry point with strong 2025 potential.

You can learn more about MAGACOIN FINANCE via the official website.

Telegram: https://t.me/magacoinfinance

This article is authored by a third party, and CoinJournal does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company.

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European Stability Mechanism (ESM) managing director Pierre Gramegna said that President Donald Trump’s administration’s favorable stance toward crypto, particularly dollar-backed stablecoins, could challenge Europe’s monetary autonomy, Bloomberg News reported on March 10.

Gramegna warned that the changing US stance could encourage both foreign and American technology firms to pursue large-scale payment solutions using dollar-denominated stablecoins. 

He added:

“And if this were to be successful, it could affect the euro area’s monetary sovereignty and financial stability.”

US dollar-pegged stablecoins have a combined market cap of over $224 billion and play a significant role in global finance, moving over $4 trillion over the past 30 days, according to Artemis data. 

Accelerating the digital euro

In response to these concerns, the ESM supports the European Central Bank’s (ECB) accelerated efforts to develop and implement a digital euro. 

It aligns with ECB board member Piero Cipollone’s remarks from Jan. 24, when he said that the central bank must accelerate the push for the digital euro to respond to Trump’s push to promote dollar-backed stablecoins globally.

Cipollone’s remarks followed the first crypto-related executive order signed by the US President on Jan. 23. This order prohibited federal agencies from pursuing a central bank digital currency (CBDC) and laid a framework to bolster the adoption of dollar-backed stablecoins worldwide.

Gramegna highlighted the urgency of the initiative, stating that a European CBDC is essential to maintaining financial autonomy and stability in the region. The decision on the digital euro will be a key moment in Europe’s strategy to navigate the evolving global digital asset landscape.

Trump executive orders

Last week, Trump’s administration deepened its efforts in the crypto industry by signing a second executive order establishing a Strategic Bitcoin (BTC) Reserve and a Digital Asset Stockpile.

The vaults will hold crypto seized in legal proceedings and will be managed by the Treasury. The reserve will serve as a long-term holding, with the Treasury directed to accumulate more Bitcoin in a budget-neutral manner.

Trump has also signalled that stablecoins will be a fundamental part of America’s economic plan to ensure the US dollar maintains its dominance as the global reserve currency.

The ECB, in contrast, has remained firm in its rejection of Bitcoin as a reserve asset. During a speech to the central bank members, ECB President Christine Lagarde said that reserves have to be liquid, secure, and safe and should not be “plagued by the suspicion of money laundering or other criminal activities.”

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Leading financial industry groups have urged President Donald Trump’s administration to roll back federal policies they say have restricted US banks from engaging in digital asset markets and warned that regulatory overreach is hampering American leadership in financial innovation.

In a letter sent to David Sacks, Special Advisor for Artificial Intelligence and Crypto and chair of the President’s Working Group on Digital Asset Markets, the groups called for the immediate rescission or revision of policies imposed by federal banking agencies under the previous administration.

According to the letter:

“These policies have made it exceedingly difficult for banks to engage in digital asset-related activities, despite their clear legal authority to do so.”

They also pressed the White House to include key regulators — the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) — in the working group’s efforts to reshape the U.S. digital asset framework.

US banks sidelined

The letter, signed by the Bank Policy Institute, American Bankers Association, Securities Industry and Financial Markets Association, and other financial organizations, argued that restrictive policies have left US banks lagging behind international competitors in the digital asset sector.

The banking organizations singled out several regulatory actions issued under the Biden administration, including:

• Federal Reserve’s SR 22-6 policy on crypto-asset engagement
• OCC’s Interpretive Letter 1179 restricting crypto custody
• FDIC’s FIL-16-2022 notification requirement for crypto activities
• Joint agency statements warning against crypto-asset risks

The letter stated:

“The United States will not be able to achieve a leadership position in digital assets and financial technology under the status quo.”

The banking groups said the first step in advancing that goal is rolling back Biden-era restrictions, which they argued have created uncertainty and discouraged US financial institutions from participating in the sector.

The organizations signaled their intent to provide detailed regulatory and legislative proposals to help US banks regain competitiveness in the global digital asset economy. They also requested a meeting with Sacks and the working group to discuss the next steps.

Inclusion in Crypto Task Force

The groups also urged Sacks to expand the President’s Working Group to include banking regulators, citing their influence over financial markets. The FDIC, OCC, and Federal Reserve were not included in the current task force despite their oversight of banks seeking to engage with digital assets.

The letter pointed to FDIC Acting Chairman Travis Hill’s recent remarks, in which he acknowledged that the agency’s approach to crypto had led to a perception that the FDIC was “closed for business” regarding blockchain and digital asset-related activities.

Beyond banking regulators, the groups suggested that the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) — both divisions of the Treasury Department — should also be included in digital asset discussions, given their role in regulating financial crime and sanctions compliance.

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