{"id":5706,"date":"2025-08-16T19:37:34","date_gmt":"2025-08-16T19:37:34","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/08\/16\/bitcoin-hits-fresh-all-time-high-crosses-124000-amid-us-rate-cut-expectations-cryptocurrency-news\/"},"modified":"2025-08-16T19:37:34","modified_gmt":"2025-08-16T19:37:34","slug":"bitcoin-hits-fresh-all-time-high-crosses-124000-amid-us-rate-cut-expectations-cryptocurrency-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/16\/bitcoin-hits-fresh-all-time-high-crosses-124000-amid-us-rate-cut-expectations-cryptocurrency-news\/","title":{"rendered":"Bitcoin Hits Fresh All-Time High, Crosses $124,000 Amid US Rate Cut Expectations | Cryptocurrency News"},"content":{"rendered":"


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Bitcoin Price Prediction: Traders now eye $135,000 as the next possible target, with the recent breakout validated by rising ETF flows and macro tailwinds.<\/h2>\n
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Bitcoin At All-Time High.<\/p>\n<\/figure>\n

Bitcoin, the world\u2019s largest cryptocurrency, on Thursday touched its fresh all-time high, supported by strong institutional demand and growing expectations of a September interest rate cut. The price of Bitcoin stood at $124,196 on Thursday morning. However, the price has cooled down to trade at $120,640.<\/p>\n

According to binance.com<\/em>, Bitcoin traded at $124,196 at around 6 am on Thursday. However, as the prices have come down, the crypto was trading at $120,640 as of 9:45 am, which is 0.8% higher in the previous 24 hours, with a circulating supply of 19.91 million.<\/p>\n

\u201cBitcoin surged past $124,000 for the first time, setting a new all-time high before easing. The rally was fuelled by strong institutional demand and growing expectations of a September interest rate cut, with CME FedWatch now showing a 93.7% probability. Softer-than-expected US CPI data at 2.7% y\/y boosted optimism, though a core inflation uptick to 3.1% could keep the Fed cautious,” said Himanshu Maradiya, founder and chairman of CIFDAQ.<\/p>\n

Ethereum also climbed near its 2021 peak, trading at $4,717. Institutional inflows remain a key driver BTC ETFs added over $3.6 billion in the past month, while corporate and sovereign treasuries now hold 3.64 million BTC, or 17% of supply. The markets may experience consolidation between $120K and $125K, but strong structural demand and limited supply will support further gains through the end of the year, he added.<\/p>\n

Bitcoin Price Prediction 2025<\/strong><\/p>\n

According to CoinSwitch Markets Desk, \u201cBTC has broken through the resistance zone between $122K-$123K, its previous October 2021 peak. Traders now eye $135,000 as the next possible target, with the recent breakout validated by rising ETF flows and macro tailwinds.”<\/p>\n

Ethereum (ETH) is leading the mid-cap charge. Today\u2019s rally pushed ETH up about 8%, climbing to roughly $4,630\u2013$4,750, and positioning it just shy of its 2021 ATH. ETH spot ETFs pulled in $523M as inflows.<\/p>\n

Fundamental momentum is further supported by whale accumulation, with on-chain data showing large addresses adding to positions ahead of this rally.<\/p>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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Last Updated:August 14, 2025, 09:50 IST Bitcoin Price Prediction: Traders now eye $135,000 as the next possible target, with the recent breakout validated by rising ETF flows and macro tailwinds. Bitcoin At All-Time High. Bitcoin, the world\u2019s largest cryptocurrency, on Thursday touched its fresh all-time high, supported by strong institutional demand and growing expectations of…<\/p>\n","protected":false},"author":1,"featured_media":5707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-5706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/5706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=5706"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/5706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/5707"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=5706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=5706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=5706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}