The Crypto Assets market is boiling again, with the price of Bitcoin soaring and breaking through the $124,000 mark, setting a new historical high. Behind this surge, expectations for a rate cut in the United States in September dominate the market, with traders generally believing that the probability of a rate cut exceeds 90%.

However, some analysts warn that the market may have overly high expectations for the Federal Reserve's easing policy. Although Bitcoin has performed strongly in the short term, investors should still be cautious of potential volatility risks.

The current rise in the market is mainly driven by large orders entering and new buying pressure. At the same time, the relatively loose regulatory environment has also instilled confidence in the market. It is worth noting that other mainstream Crypto Assets like Ethereum and Ripple (XRP) have also risen, demonstrating a positive atmosphere in the overall market.

Despite the prevailing optimism, experts remind investors to remain cautious. The cryptocurrency market has always been highly volatile, and whether the current upward momentum can be sustained remains to be seen. Investors should fully consider the market's uncertainties and manage risks appropriately when making decisions.