Overview

• Bitcoin reached an intraday peak of $124,517 on August 14, pushing its market capitalization to about $2.5 trillion.
• The broader cryptocurrency market expanded to roughly $4.2 trillion in value as altcoins joined the rally.
• Bitcoin has gained nearly 32 percent in 2025 as institutional demand accelerated.
• Traders pointed to expectations of a September Federal Reserve rate cut and a positive US equity mood as key support factors.
• President Trump’s administration is advancing three major crypto laws and prior executive actions to boost legal clarity and investor confidence.