Bitcoin (BTC) for today, August 14, 2025:

⚡ Key Highlights:

1. **Price Surge**: Bitcoin hit a new all-time high of **$124,210**, breaking past $123,000 resistance. Currently trading near **$121,818** (as of early UTC) with **+2.21%** daily gain .

2. **Market Dominance**: Overtook Google (Alphabet) to become the **5th-largest global asset** by market cap ($2.46 trillion) .

3. **Catalysts**:

- **Fed rate cut bets**: Traders price in near-certain September rate cuts (potentially 25–50 bps), weakening the USD and boosting risk assets .

- **Institutional adoption**: Corporate treasuries (e.g., MicroStrategy) and Trump-era policies (e.g., crypto in 401(k)s) fuel demand .

4. **Technical Outlook**:

- **Bullish momentum**: Sustained trade above $120,000 support; next targets at **$135,000–$138,000** .

- Watch **$120,205 support**: A break below could trigger correction toward $118,405 .

5. **Broader Market**: Ethereum nears record highs (~$4,700), with Layer 2 tokens (e.g., Arbitrum) outperforming .

Short-Term View:

**Bullish** but monitoring profit-taking near ATH. Macro catalysts (Fed policy, USD weakness) and institutional flows remain key drivers.