Bitcoin price today August 14: Set a new peak, will it reach the 150,000 USD mark?

Bitcoin Price Breaks New Price Record

Bitcoin rose 0.9% to $124,002.49 in Asian trading on Thursday morning, surpassing its previous high set in July. Ethereum also hit $4,780.04, its highest since late 2021.

Experts say this increase comes from expectations that the Fed will soon cut interest rates, large capital flows from financial institutions, along with new policies from the Trump administration to encourage investment in cryptocurrencies.

Technical analysis shows that if Bitcoin stays above $125,000, the price could move towards $150,000.

Impact from policy and legal environment

Bitcoin has risen nearly 32% since the start of 2025, thanks to major regulatory developments for the cryptocurrency industry following Trump’s return to the White House. The self-proclaimed “crypto president,” Trump and his family have been deeply involved in the space over the past year.

Last week, an executive order allowing crypto assets to be included in 401(k) retirement accounts showed that the regulatory environment in the US is becoming more favorable.

In 2025, the cryptocurrency industry in the US recorded many major changes such as the issuance of regulations on stablecoins and the US Securities and Exchange Commission adjusting the legal framework to suit this type of asset.

Cryptocurrency market grows strongly

Bitcoin's rally has sparked a boom across the entire cryptocurrency market, despite the impact of the Trump administration's massive tariff policies.

According to CoinMarketCap, the total market capitalization has reached more than $4.18 trillion, a sharp increase from about $2.5 trillion in November 2024, when Mr. Trump was re-elected.

The new order is also expected to benefit large fund managers such as BlackRock and Fidelity, which operate cryptocurrency ETFs. However, experts warn that cryptocurrencies are much more volatile than stocks and bonds, meaning they pose greater risks when included in retirement portfolios.