US Edition
Bitcoin Prices Reach Fresh, All-Time High Above $124,000
Bitcoin price exceeded $124,000 driven by strong institutional buying and a 93.9% chance of a Federal Reserve rate cut, supporting a 32% gain in 2025, analysts said.
- On Thursday, August 14, 2025, Bitcoin reached USD 124,002.49 in early Asian trading, driven by trader optimism over potential Federal Reserve rate cuts.
- MarketWatch shows traders pricing in a 93.9% chance of a rate reduction, with the August 15 PPI release as the next key macro data point.
- Driving volatility, a surge in short liquidations totaling $90.79 million in 24 hours underscored the rally’s momentum, as public companies led by Michael Saylor’s Strategy increased their BTC holdings.
- Amid the rally, retail and institutional investors gained confidence, as strong ETF inflows and Bitcoin spot ETF approvals added buying pressure, signaling broader market conviction.
- Ahead of the Bitcoin halving event, a large concentration of bearish positions remains between $122,800 and $125,500, signaling resistance ahead.
61 Articles
61 Articles
The political tailwind from the USA drives the price of Bitcoin upwards. At night, the price rose above the 124,000 dollar mark for the first time.
Bitcoin is rising to a record high in Asia. Expectations of Fed and Trump's crypto policies are driving markets.
Shafaq News - Washington - Bitcoin hit a new record high on Thursday as expectations of monetary policy easing by the US Federal Reserve grew. The world's largest cryptocurrency by market capitalization rose 0.9 percent to $124,002.49 in early Asian trading, surpassing its previous peak in July. During the day, the second-largest cryptocurrency, ether, reached $4,780.04, its highest level since late 2021. Tony Sycamore, a market analyst at IG, e…
Le Parisien
The star of cryptocurrency is driven by the rise in US equities, the interest of institutional investors and favourable US legislation.
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