Bitcoin price today, August 14th: Reaching a new peak, will it hit the $150,000 mark?
Bitcoin price today, August 14th: Bitcoin surpasses the record mark of $124,000 thanks to expectations of a Fed interest rate cut and a more favorable regulatory environment in the US, leading to a surge in the entire cryptocurrency market.
Quick summary:
Bitcoin reached $124,002, and Ether hit a peak of $4,780, driven by expectations of a Fed interest rate cut and supportive policies from the US.
The price of Bitcoin has increased by nearly 32% since the beginning of 2025 thanks to a favorable regulatory environment and institutional capital inflows.
The cryptocurrency market capitalization has surpassed $4.18 trillion, significantly higher than before the 2024 US election.
The new executive order paves the way for digital currencies to be entered into 401(k) accounts, but the risk of price volatility remains.
Bitcoin price breaks new record high.
On Thursday morning in Asian trading, Bitcoin rose 0.9% to $124,002.49, surpassing its previous peak set in July. Ethereum also reached $4,780.04, its highest level since late 2021.
Experts believe this surge stems from expectations that the Fed will soon cut interest rates, large capital inflows from financial institutions, and new policies by the Trump administration aimed at encouraging investment in cryptocurrencies.
Technical analysis suggests that if Bitcoin maintains above $125,000, the price could reach $150,000.
Impact from policies and the legal environment
Since the beginning of 2025, Bitcoin has surged nearly 32% thanks to significant legal advancements for the cryptocurrency industry following Trump's return to the White House. Calling himself the "crypto president," Trump and his family have been deeply involved in this field over the past year.
Last week, an executive order allowing the inclusion of cryptocurrency assets in 401(k) retirement accounts indicated a more favorable regulatory environment in the U.S.
In 2025, the cryptocurrency industry in the US witnessed several major changes, including the enactment of regulations on stablecoins and the US Securities and Exchange Commission adjusting the legal framework to accommodate this asset class.
The cryptocurrency market is experiencing strong growth.
Bitcoin's surge triggered a boom across the cryptocurrency market, despite the impact of the Trump administration's large-scale tariff policies.
According to CoinMarketCap, the total market capitalization has reached over $4.18 trillion, a sharp increase from approximately $2.5 trillion in November 2024, the time when Mr. Trump was re-elected.
The new decree is also expected to benefit large fund managers such as BlackRock and Fidelity, which operate cryptocurrency ETFs. However, experts warn that cryptocurrencies are far more volatile than stocks and bonds, meaning greater risk if included in retirement investment portfolios.
