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On August 14, 2025, Bitcoin (BTC) once again set a new historical record, with the price soaring above $124,000 and a 24-hour rise of over 3%. This surge is supported by multiple factors, including market expectations for a possible rate cut by the Fed, a significant influx of institutional funds, and the concentrated liquidation of short positions.
With this round of rise, the total market value of Bitcoin has surpassed 4.26 trillion USD, surpassing the tech giant Alphabet Inc., and entering the top five in the global asset value rankings. This milestone achievement highlights the immense potential and influence of the cryptocurrency market.
The continued optimism of institutional investors has also provided strong support for Bitcoin prices. Public companies like MicroStrategy are continuously increasing their Bitcoin reserves, and the newly launched Bitcoin ETF products have attracted a large amount of funds, with a net inflow of over $1 billion in a single day, reflecting the strong interest and confidence of the market in Bitcoin.
Analysts generally believe that if Bitcoin can stabilize above $120,000, the next target price could be $150,000. However, they also remind investors to be cautious of potential technical pullbacks in the short term. Nevertheless, from a medium to long-term perspective, the bullish trend of Bitcoin remains intact.
This round of Bitcoin's strong performance not only reflects the prosperity of the cryptocurrency market but also mirrors the global investors' enthusiasm for alternative assets outside the traditional financial system. As digital assets gradually become an important part of mainstream investment portfolios, the future development of Bitcoin is worth our continued attention.