Bitcoin Hits $123K, Reaching a New All-Time High Amid Rate Cut Speculation!

Jakarta, Pintu News – Bitcoin price has recently hit a new record high, providing a positive outlook for the crypto market. This development comes as traders factor in the possibility of a 25 basis point cut in the Federal funds rate at the September meeting.

Then, what is the current Bitcoin price movement like?

Bitcoin Price Up 2.54% in 24 Hours

On August 14, 2025, Bitcoin reached $123,437, equivalent to IDR 1,986,570,835, marking a 2.54% increase over the past 24 hours. During this period, BTC dipped to a low of IDR 1,933,063,244 and climbed to a high of IDR 2,001,368,647.

According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.45 trillion, with trading volume in the last 24 hours up 30% to $96.06 billion.

Read also: Bitcoin’s Dominance Falls, Here’s the Latest Analysis of Ethereum, Solana, and Chainlink!

Bitcoin Price Reaches New Record High Above $123,000

Data from TradingView shows that the price of BTC has broken through the $123,000 level, reaching a new record high of $123,600. Currently, the flagship cryptocurrency is up more than 2% on the day, rising from an intraday high of $118,939.

This milestone comes about a month after Bitcoin’s price reached its previous peak of $123,091 in July, ahead of ‘Crypto Week’ which introduced GENIUS, the first major crypto legislation in the United States.

Previously, CoinGape reported that BTC has the potential to set new record highs ahead of the release of US CPI and PPI data this week.

The CPI data came in at 2.7%, lower than expected, which was positive news for Bitcoin. Meanwhile, PPI data is expected to show that inflation in the US is still stable.

As a result, traders are now factoring in the possibility of a Fed rate cut of 25 basis points in September, which is driving the Bitcoin price rally. A rate cut is considered bullish as it would add liquidity to the crypto market and improve risk sentiment.

US Treasury Secretary Scott Bessent also mentioned a possible cut of up to 50 basis points, which would have a huge impact on BTC and other crypto assets.

It remains to be seen whether Bitcoin will enter a “price discovery” phase after rallying to this new ATH or experience a healthy correction. Meanwhile, other crypto assets have also rallied alongside BTC.

Read also: Metaplanet Acquires 518 Bitcoins Worth $61 Million, Bringing Total Holdings to 18,113 BTC!

In particular, Ethereum is up more than 28% in the last seven days and is now close to its record high of $4,891.

Implications of Bitcoin’s New Record High

With Bitcoin’s price rallying to new record highs, BTC is again the sixth largest asset by market capitalization, surpassing Google and Amazon stocks.

Meanwhile, the only assets that topped the flagship cryptocurrency were Gold, as well as Nvidia, Microsoft, and Apple stocks.

Thanks to this surge, Strategy’s Bitcoin holdings also reached a new record high in terms of value.

The company’s co-founders stated that their BTC holdings closed at an all-time high of $77.2 billion.

The President of El Salvador, Nayib Bukele, also showed off his country’s BTC portfolio, which reached a record high thanks to this Bitcoin price rally.

Currently, the country has recorded more than $468 million in unrealized gains from its investments.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Breaking: Bitcoin Price Hits New All-Time High As Traders Price In Rate Cut. Accessed on August 14, 2025