Bitcoin hit a new record high of $124,457 on Thursday, fueled by pro-crypto U.S. policy changes and expectations of a September Federal Reserve rate cut. As Citi says a $135K target by year-end, attention is also turning to altcoins like MAGACOIN FINANCE, which models show could deliver 40x upside within the first year after listing.

Bitcoin Hits New Record High

Bitcoin surged to $124,000 early Thursday before settling near $121,500, surpassing its July peak. The rally comes on the back of regulatory reforms under President Donald Trump, including SEC rule adjustments, new stablecoin legislation, and an executive order allowing cryptocurrencies in 401(k) retirement plans. 

These measures have opened new channels for adoption from long-term savers and institutional participants. Ethereum also rose to $4,700, marking its highest level since 2021, while combined Bitcoin and Ethereum dominance now accounts for roughly 70% of the crypto market. Market commentators say that steady inflows into crypto ETFs and corporate treasuries are helping to shoot demand regardless of short-term price swings.

Citi Forecasts Bitcoin at $135K Year-End

Wall Street firm Citi has set a base-case year-end target of $135,000 for Bitcoin, with a higher scenario projecting $199,000. The forecast glories ETF inflows, which account for over 40% of recent price movements, and user adoption as the drivers. 

Also, Citi claims that U.S. spot Bitcoin ETFs will attract another $15 billion this year, adding approximately $63,000 to BTC’s valuation. The bank also factors in a 20% rise in active Bitcoin users, offset slightly by macroeconomic pressures.

MAGACOIN FINANCE Models Show 40x Post-Listing Potential

While Bitcoin continues its price discovery, market watchers tracking the altcoin market have highlighted MAGACOIN FINANCE as a high-upside candidate for 2026. The developers built it on a security framework and is going through a strong presale phase. So, the project’s internal models suggest a potential 40x increase within the first year post-listing. 

This projection is on early adoption metrics, like hopes on exchange listings, and popularity among retail and institutional participants. MAGACOIN FINANCE has been repeatedly cited as one of the best altcoins to buy ahead of its debut by analysts like David Michael.

In Sum

Bitcoin’s march toward Citi’s $135K target is calling market-wide attention, but the search for outsized returns is leading some to altcoins with higher projected multipliers. MAGACOIN FINANCE, with modeled 40x upside post-listing, is gaining traction as a candidate for those seeking next-cycle gains.

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

• Website: https://magacoinfinance.com
• Presale: https://magacoinfinance.com/presale
• X: https://x.com/magacoinfinance
• Telegram: https://t.me/magacoinfinance