Bitcoin News Today: Bitcoin hits record $124,000 amid risk-on shift and corporate buying

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 11:26 pm ET1min read
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Aime RobotAime Summary

- Bitcoin hit $124,000 on August 13, 2025, driven by risk-on investor behavior and easing macroeconomic concerns amid Fed rate-cut expectations.

- Corporate adoption and institutional buying (e.g., MicroStrategy) fueled a $2.5T Bitcoin market cap, with Ether reaching $575B as crypto and equities moved in sync.

- Analysts attribute the rally to "structural buying" by asset managers and sovereigns, distinguishing it from retail-driven surges and highlighting crypto's evolving role as a speculative hedge.

- Strengthened equity-crypto correlations and ETF growth underscored maturing demand, though Bitcoin remains vulnerable to macroeconomic shifts and policy changes.

Bitcoin surged to a record high of $124,000 on August 13, 2025, as global investors increasingly favored high-volatility assets amid a broader shift toward risk-on behavior. The cryptocurrency’s price closely tracked the performance of U.S. equities, with the S&P 500 also reaching record territory for a second consecutive session [1]. This synchronized movement highlighted a broader reallocation of capital toward speculative and high-beta assets, particularly in the context of easing macroeconomic concerns and growing expectations of central bank rate cuts [2].

The rally reflected a confluence of factors, including a more favorable regulatory climate, heightened corporate interest, and a surge in institutional adoption. Public companies have increasingly adopted

Bitcoin
as part of their treasury strategies, a trend led by firms like Michael Saylor’s MicroStrategy [1]. This corporate buying has extended to smaller competitors and other major crypto assets, contributing to a broad-based rise in the digital asset market [2]. Bitcoin’s market capitalization climbed to approximately $2.5 trillion, while Ether’s reached nearly $575 billion, according to CoinGecko [1].

The coordinated rise across equities and cryptocurrencies was supported by moderating inflation data and the anticipation of Federal Reserve rate cuts in September, which helped ease financial conditions and draw capital into riskier investments [2]. This dynamic was further reinforced by growing institutional participation through crypto ETFs and other structured products [3]. Analysts noted the increasing maturity of the demand base, distinguishing this rally from previous retail-driven surges [3].

Chris Newhouse, director of research at Ergonia, observed that the relationship between crypto and equities has strengthened, particularly for Ether, while Bitcoin continued to benefit from steady exchange inflows despite facing key price resistance levels [2]. Ben Kurland, CEO of crypto research platform DYOR, emphasized that the current rally reflects “structural buying” from asset managers, corporates, and sovereigns, rather than retail-driven euphoria [3].

The movement also underscored Bitcoin’s evolving role in global markets, where it is increasingly viewed as a speculative asset and a potential hedge against macroeconomic uncertainty [2]. However, the asset remains sensitive to macroeconomic shifts and policy changes, particularly those affecting interest rates and inflation [1].

Sources:

[1] https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/bitcoin-climbs-to-all-time-high-of-124000-as-investors-snap-up-riskier-assets/articleshow/123293154.cms

[2] https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/bitcoin-climbs-to-all-time-high-of-124000-as-investors-snap-up-riskier-assets/articleshow/123293154.cms?UTM_Campaign=RSS_Feed&UTM_Medium=Referral&UTM_Source=Google_Newsstand

[3] https://www.bloomberg.com/news/articles/2025-08-13/bitcoin-rises-to-new-record-high-as-corporate-interest-expands