{"id":26070,"date":"2025-08-14T09:18:43","date_gmt":"2025-08-14T06:18:43","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-hits-a-record-above-124000\/"},"modified":"2025-08-14T09:18:43","modified_gmt":"2025-08-14T06:18:43","slug":"bitcoin-hits-a-record-above-124000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-hits-a-record-above-124000\/","title":{"rendered":"Bitcoin hits a record above $124,000"},"content":{"rendered":"<p>On August 14, bitcoin hit $124,128, setting a new price record (<span data-descr=\"all-time high of the metric\" class=\"old_tooltip\">ATH<\/span>).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXeiGoSIeXJqayNxjNHk1tDoFEAJ7ulHCYz_fEVfHrowcy92_jv-qsu2HpClknxQ3rhBQig0mM_YhaJtdfuJfX6L-00Lcx4OAVTsn0h6B9m_tKoVdEG90FeaXOUFJ-2LeQHiWIeDJA.webp\" alt=\"Bitcoin hits a record above $124,000\" class=\"wp-image-263876\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>. <\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">14 August 2025 | 14:46<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>After setting an all-time high, bitcoin slipped back below $121,000.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"603\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-14.45.33-1024x603.png\" alt=\"Screenshot 2025-08-14 at 14.45.33\" class=\"wp-image-263910\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-14.45.33-1024x603.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-14.45.33-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-14.45.33-768x452.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-14.45.33-1536x905.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-14.45.33-2048x1206.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USD chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>. <\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">14 August 2025 | 15:55<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Bitcoin broke below $120,000, falling to $119,388. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"602\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-15.53.17-1024x602.png\" alt=\"Screenshot 2025-08-14 at 15.53.17\" class=\"wp-image-263926\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-15.53.17-1024x602.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-15.53.17-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-15.53.17-768x451.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-15.53.17-1536x903.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-08-14-v-15.53.17-2048x1204.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USD chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>The pullback coincided with the <a href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\">release<\/a> of the US producer-price index (PPI). The print rose to 3.3% versus 2.5% expected.<\/p>\n<\/div>\n<\/div>\n<p>At the time of writing, the leading cryptocurrency had eased to $121,862, 1.6% off its ATH.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXd7HF1Ba20fC4wTjckWtEooT7an-n6O9kzDD5D8aAeZU7IVMnntgK4LWAjEhgy1x_YMePryTqgVee55s8qb9AWYS6RkS-FkttxxTnVBZHHNtuyWwBJC-1j_SSHQtxA_KXnoEa70.webp\" alt=\"Bitcoin hits a record above $124,000\" class=\"wp-image-263877\"\/><figcaption class=\"wp-element-caption\">Hourly BTC\/USD chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Amid the surge, bitcoin\u2019s market capitalisation reached $2.4 trillion, entering the world\u2019s five largest assets. On this measure, the cryptocurrency briefly overtook Google. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&#038;ref_src=twsrc%5Etfw\">#BITCOIN<\/a> JUST SURPASSED GOOGLE TO BECOME THE 5th LARGEST ASSET IN THE WORLD<\/p>\n<p>THIS IS WILD!!! <a href=\"https:\/\/t.co\/yphRAka7j9\">pic.twitter.com\/yphRAka7j9<\/a><\/p>\n<p>\u2014 Vivek Sen (@Vivek4real_) <a href=\"https:\/\/twitter.com\/Vivek4real_\/status\/1955763760867717522?ref_src=twsrc%5Etfw\">August 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ether came within less than $100 of a new record. The cryptoasset trades at $4,737 \u2014 3% below the all-time high of $4,878 set on November 10, 2021. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXfPYXPSyh7-bgS_6Sx5UnQjrSD6Chc_0IhdahK6BU3unk4DoBHDj4U0GAiHmVKWj4XHp9JN17ZGp-DvZrwOPB3OmTj4rZWsxu5PpLI7uruLm4ZhUR5onB3VhuR1GyFht9KJi6W_qA.webp\" alt=\"Bitcoin hits a record above $124,000\" class=\"wp-image-263878\"\/><figcaption class=\"wp-element-caption\">Hourly ETH\/USD chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSD\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Total crypto-market capitalisation reached $4.23 trillion, up 2.9% over the past 24 hours, according to <a href=\"https:\/\/www.coingecko.com\/en\/global-charts\">CoinGecko<\/a>. <\/p>\n<p>Bitcoin\u2019s dominance index stands at 57.5%; Ethereum\u2019s at 13.5%.<\/p>\n<p>None of the CoinGlass indicators for a bull-market peak is yet signalling overheating or the wisdom of taking profits.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"852\" height=\"1024\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/bull-market-peak-signals-2-852x1024.png\" alt=\"bull-market-peak-signals\" class=\"wp-image-263884\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/bull-market-peak-signals-2-852x1024.png 852w, https:\/\/forklog.com\/wp-content\/uploads\/bull-market-peak-signals-2-250x300.png 250w, https:\/\/forklog.com\/wp-content\/uploads\/bull-market-peak-signals-2-768x923.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/bull-market-peak-signals-2.png 1200w\" sizes=\"auto, (max-width: 852px) 100vw, 852px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/bull-market-peak-signals\" target=\"_blank\" rel=\"noreferrer noopener\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>In the past 24 hours, positions of 113,822 traders worth $454 million were liquidated. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdprdseXdOnK3qJIfIsTiwilHfk1Hc9dLX3J7PUKX8gAgcKd0123KO5Xc5lkx3chj7jjxohJIVRotmqS8xhddnjlEKxP5in6ZP30gFmg3S9RuDisYpsjfJurYOIlBOY2qheLiM3?key=J2wGJveScN_Gf5vW_QPoqg\" alt=\"Bitcoin hits a record above $124,000\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>. <\/figcaption><\/figure>\n<p>CoinGlass data <a href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationMap\">show<\/a> short positions worth $2 billion at risk. Short sellers would lose funds if bitcoin reached $125,500. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeovWXsuZvQIMczadlVLFEEWoYMNXd6xk3m38aBpu1rlFU5iySd4cXouespkQdjjm9Wu5AHsulXiRBIM1PiV7iPpfztMaIiWxE1E28yBgtxOdByJkvt2Cab34XBVVpZJV1YF8Rswg?key=J2wGJveScN_Gf5vW_QPoqg\" alt=\"Bitcoin hits a record above $124,000\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationMap\">Coinglass<\/a>. <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Further gains ahead?<\/h2>\n<p>According to Presto Research analyst Min Jun, the rally to a new ATH was driven by rising expectations of a rate cut by the <span data-descr=\"US Federal Reserve System\" class=\"old_tooltip\">Fed<\/span> in September. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe CME FedWatch Tool now puts the probability at 93.7%,\u201d she told <a href=\"https:\/\/www.theblock.co\/post\/366862\/bitcoin-tops-124000\">The Block<\/a>. <\/p>\n<\/blockquote>\n<p>Optimism intensified after publication of the latest US consumer-price index. The July reading came in at 2.7%, below the 2.8% consensus. <\/p>\n<p>However, Fed easing is not guaranteed, Jun noted. Earlier, chairman Jerome Powell said the central bank focuses on annual inflation. Hence a rise in the core measure could spark concern despite a slowdown in the headline CPI. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBitcoin\u2019s price will likely remain highly sensitive to any news \u2014 positive or negative \u2014 related to the September rate decision,\u201d the expert added.<\/p>\n<\/blockquote>\n<p>BTC Markets crypto analyst Rachel Lucas said the bitcoin price is rising thanks to a \u201cperfect storm\u201d of institutional demand from ETFs and corporate treasuries. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOver the past month, bitcoin ETFs have attracted more than $3.6 billion, while corporate and government treasuries have accumulated 3.64 million BTC. That is more than 17% of the total supply. If you add strategic long-term investments, we see structural demand meeting limited supply,\u201d she said. <\/p>\n<\/blockquote>\n<p>She said the sustained uptrend could persist through year-end, though consolidation in the $120,000\u2013125,000 range is possible.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cBut the combination of scarce supply and deep structural demand will support further growth through the end of the year. Long-term holders are confident in the asset; bitcoin and Ethereum are increasingly seen as core assets in investment portfolios,\u201d Lucas concluded. <\/p>\n<\/blockquote>\n<p>JAN3 CEO Samson Mow also predicted further gains for bitcoin, but warned of a potential pullback.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There will be more Bitcoin ATHs but I think we will see a pullback because alts are running too hot now. Once the altcoin mania passes, Bitcoin will take off. This is just how it\u2019s always been. <a href=\"https:\/\/t.co\/OZn3mTtgkC\">https:\/\/t.co\/OZn3mTtgkC<\/a><\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\"https:\/\/twitter.com\/Excellion\/status\/1955738280206721323?ref_src=twsrc%5Etfw\">August 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe will see several more new bitcoin ATHs, but I think a pullback will follow \u2014 altcoins are overheated now. Once the alt mania passes, the first cryptocurrency will take off again. That\u2019s how it has always been,\u201d he wrote. <\/p>\n<\/blockquote>\n<p>On August 13, Capriole Investments founder Charles Edwards <a href=\"https:\/\/forklog.com\/en\/news\/analyst-predicts-bitcoins-next-surge\">forecast<\/a> a new leg higher for bitcoin. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 14, bitcoin hit $124,128, setting a new price record (ATH). Source: CoinGecko. 14 August 2025 | 14:46Update: After setting an all-time high, bitcoin slipped back below $121,000. Hourly BTC\/USD chart on Binance. Source: TradingView. 14 August 2025 | 15:55Update: Bitcoin broke below $120,000, falling to $119,388. Hourly BTC\/USD chart on Binance. Source: TradingView. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46],"class_list":["post-26070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"121","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26070"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26069"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}