Bitcoin hit a new all-time high of S$159,305 (US$124,525) on Aug. 14 (Singapore time).
Its previous peak was in July 2025.
The world's largest crypto-asset by market capitalisation climbed as much as 0.9 per cent in early Asia trading.
Ether, the second largest crypto-token, hit S$6,126 (US$4,789), the highest level since late 2021.
Bitcoin's 2025 run
Bitcoin has risen nearly 32 per cent so far in 2025 following president Donald Trump's return to the White House.
According to data from CoinMarketCap, the market capitalisation of the whole crypto sector has ballooned to over S$5.25 trillion (US$4.18 trillion), up from about S$3.2 trillion (US$2.5 trillion) in November 2024, when Trump won the U.S. presidential election.
The latest Bitcoin rally can be attributed to a higher likelihood of Fed interest rate cuts, sustained institutional buying, and the easing of investments in crypto assets by the Trump administration.
Trump has called himself the "crypto president" and his family has made moves into the sector over the past year.
Cryptocurrency has scored multiple regulatory wins in the U.S. over 2025.
This includes the passage of stablecoin regulations and the U.S. securities regulator's move to overhaul regulations to accommodate the asset class.
The increasingly favorable regulatory environment in the U.S. was marked by an executive order on Aug. 7 that paved the way to ease access to crypto assets in 401(k) retirement accounts.
The executive order could also be a boost for BlackRock and Fidelity asset managers, which operate crypto exchange-traded funds (ETFs).
However, volatility of crypto assets could be an issue.
Top photo via Unsplash
