Bitcoin Breaks All-Time High Above $124K

What’s happening:

Bitcoin just hit a new record, surpassing $124,000 (with CoinDesk reporting a peak of $124,496).

Multiple reports confirm this milestone occurred around August 13–14, 2025.

A wave of bullish catalysts contributed: ETF inflows, pro-crypto U.S. policies (including allowing 401(k) crypto investments), expectations of Fed rate cuts, and strong institutional and corporate buying.

Bitcoin even briefly surpassed Google’s market cap, rising to become the fifth-largest global asset.

Looking forward:

Analysts propose possible next targets: $128K–$132K, with $130K frequently cited as a near-term goal. However, some caution about potential overextension and macro risks, especially given rising debt levels and heavy reliance on optimistic policy environments.

Summary:

Bitcoin’s new all-time high above $124K underscores strong bullish momentum, bolstered by regulatory tailwinds and institutional interest. The next key levels to watch are in the $128K–$132K range.