Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp.<\/p>\n
The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of $123,300.<\/p>\n
BTC<\/a> has added almost 8% over the past week, partly driven by easing global trade tariff tensions and US CPI (core inflation) remaining high, which increases the odds<\/a> of a September rate cut.<\/p>\n The move pushed Bitcoin\u2019s market capitalization to $2.46 trillion, which enabled the asset to flip Google (Alphabet) for the metric, becoming the world\u2019s fifth-largest asset.<\/p>\n $BTC<\/a> is now the 5th largest asset in the world by market cap, surpassing Google.$BTC<\/a> \u2013 2.456T$GOOG<\/a> \u2013 2.450T pic.twitter.com\/THBXQsiXBR<\/a><\/p>\n \u2014 CoinGecko (@coingecko) August 14, 2025<\/a><\/p>\n\n Analyst \u2018Rekt Capital\u2019 said<\/a> that the $126,000 level \u201cwill be the pivotal price point going forward,\u201d as a convincing break will send the asset much higher.<\/p>\n Venture capitalist Chris Burniske predicted<\/a> an October top for Bitcoin, stating, \u201cif I were to pick numbers, which we all know is a grade above guessing, I\u2019d say BTC to 142,690.\u201d<\/p>\n He also made some bold predictions for Ether to reach $6,900 to $8,000 and for Solana to hit $420 this cycle.<\/p>\n \u201cThe crazier prices get in August\/September\/October, the more conviction I\u2019ll have in an October top. If we pull back hard soon and get more muted, then perhaps we can extend this bull [market] for longer.\u201d<\/p>\n \u201cThe record highs we\u2019re seeing in Bitcoin and Ethereum are being fueled by an unprecedented wave of institutional capital,\u201d said Rachael Lucas, crypto analyst at BTC Markets, who added:<\/p>\n \u201cCorporate treasuries are amplifying the supply squeeze. Public and private companies, along with sovereign entities, now control over 3.64 million BTC, worth roughly $447 billion, which is more than 17% of the total supply.\u201d<\/p>\n Ether also remains hot<\/a> with a four-year high of $4,770 during the Thursday morning Asian session. This brought the asset to within 2.5% of its 2021 all-time high, and breaking it this week now seems inevitable.<\/p>\n \u201cEthereum has reached its final major weekly resistance before new all-time highs,\u201d said analyst \u2018Rekt Capital\u2019, who explained that the asset will need to turn $4,630 into new support to confirm the upside into price discovery.<\/p>\n $ETH<\/a><\/p>\n Ethereum has reached its final major Weekly resistance before new All Time Highs<\/p>\n Ethereum will need to turn ~$4631 (black) into new support to confirm upside into Price Discovery<\/p>\n The last time ETH was at these highs, price upside wicked beyond black for 3 weeks before\u2026 https:\/\/t.co\/XkRUEmE5m4<\/a> pic.twitter.com\/DweH51Q2jc<\/a><\/p>\n \u2014 Rekt Capital (@rektcapital) August 13, 2025<\/a><\/p>\n\n Additionally, Bitcoin dominance has fallen below 60%<\/a> which could signal the onset of altseason.<\/p>\n The post Bitcoin Tops $124K in New Peak as Crypto Market Cap Hits ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp. The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of […]<\/p>\n","protected":false},"author":0,"featured_media":88316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88315"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88315"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88316"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Flips Google<\/h2>\n
Ethereum Inches Close to ATH<\/h2>\n