BTC price hits a new all-time high

August 14, 2025 12:23
Under the close attention of the global financial market, on August 13, Bitcoin (BTC) welcomed a milestone moment as its price surged past $123,500, successfully surpassing the historical high of $123,205.12 set on July 14, establishing a new record. This breakthrough not only caused a huge sensation in the cryptocurrency field but also attracted the attention of the traditional financial market.
On the same day, the price of Bitcoin showed strong momentum, continuously rising during the New York trading session and successfully breaking through the $123,500 mark. Entering the Asian session on Thursday, Bitcoin's upward trend remained unabated, once breaking the $124,000 level, demonstrating strong upward momentum. This round of Bitcoin's new highs almost coincided with the S&P 500 index closing at a historical high for the second consecutive trading day, reflecting the continued warming of global market risk appetite and highlighting the deep linkage between cryptocurrency and the stock market.
Analysts point out that there are multiple driving factors behind the rise in Bitcoin prices. First, the friendly policy environment created after the Trump administration took office laid the foundation for Bitcoin's steady increase. Washington's friendly legislative attitude towards cryptocurrencies has filled the market with confidence in the future development of Bitcoin. Secondly, the significant entry of institutional funds has become an important force driving the rise in Bitcoin prices. As more and more asset management companies, corporations, and sovereign funds recognize the investment value of Bitcoin and rush to buy in, the demand base for Bitcoin has become more mature. This rise is no longer just the frenzy of retail investors, but has gained more solid institutional support.
In addition, the slowdown in inflation, the increased expectations of interest rate cuts, and the unprecedented institutional participation brought by ETFs have jointly created a strong impetus for the rise in Bitcoin prices. Ben Kurland, CEO of the cryptocurrency research platform DYOR, stated: "What’s different this time is that the demand base is more mature, and the continuous inflow of ETFs provides stable financial support for Bitcoin, maintaining a relatively smooth upward trend even in the face of technical resistance."
With the price of Bitcoin reaching new highs, its total market value has also surged, currently reaching $2.45 trillion, surpassing Google and successfully entering the top five of the global asset market capitalization rankings, only behind gold, NVIDIA, Microsoft, and Apple. This achievement further proves Bitcoin's significant position and influence in the global financial market.