BTC price hits an all-time high

August 14, 2025 12:23
Under the close attention of the global financial market, on August 13, Bitcoin (BTC) ushered in a milestone moment as its price broke through $123,500, successfully surpassing the historical high of $123,205.12 set on July 14, setting a new record. This breakthrough not only caused a huge sensation in the cryptocurrency field but also attracted the attention of traditional financial markets.
On the same day, the price of Bitcoin showed strong momentum, continuing to rise during the New York trading session, and ultimately successfully breaking through the $123,500 mark. As Thursday's Asian session began, Bitcoin's upward trend remained unbroken, briefly surpassing the $124,000 threshold, 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 ongoing warming of global market risk appetite and highlighting the deep connection between cryptocurrencies and the stock market.
Analysts point out that the rise in Bitcoin prices is driven by multiple factors. First, the friendly policy environment created after the Trump administration took office laid the foundation for Bitcoin's steady rise. Washington's friendly legislative attitude towards cryptocurrencies has instilled confidence in the market regarding Bitcoin's future development. Second, the significant influx of institutional funds has become an important force driving the rise in Bitcoin prices. As more and more asset management companies, enterprises, and sovereign funds recognize the investment value of Bitcoin and begin to buy in, the demand foundation for Bitcoin has become more mature. This rise is no longer just a frenzy among retail investors, but has stronger institutional support.
In addition, the slowdown in inflation, increased expectations for interest rate cuts, and unprecedented institutional participation brought about by ETFs have collectively created a strong driving force 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 from ETFs provides stable funding support for Bitcoin, maintaining a relatively smooth upward trend even when facing technical resistance."
As the price of Bitcoin hits a new high, its total market capitalization has also risen significantly, now reaching $2.45 trillion, surpassing Google and successfully entering the top five in the global asset market capitalization rankings, only behind gold, Nvidia, Microsoft, and Apple. This achievement further demonstrates Bitcoin's important position and influence in the global financial market. #BTC再创新高#