Bitcoin News Today: Bitcoin Surges Past $123K on Fed Rate Cut Bets and ETF Inflows

Bitcoin surged past $123,000 on Wednesday, marking a new all-time high before retreating to approximately $121,100 in late trading [1]. The 1.43% rise over the past 24 hours brought the cryptocurrency closer to the $125,000 level, a key psychological threshold for traders and investors [2]. The rally followed the release of U.S. inflation data, which showed annual consumer price inflation at 2.7%, in line with expectations and slightly below the 2.8% forecast [1]. The monthly increase was reported at 0.2%, down from June’s 0.3%. This data pushed market expectations for a Federal Reserve rate cut in September to nearly 94%, according to CME FedWatch [1].

The broader digital asset market mirrored Bitcoin’s performance, with the total crypto market value climbing 2.84% to $4.17 trillion [1]. Bitcoin’s market capitalization now stands at $2.46 trillion, and its 24-hour trading volume reached $94.16 billion [1]. Institutional buying continues to play a crucial role in sustaining momentum, with US-listed Bitcoin ETFs pulling in $1 billion in net inflows over the past five days [1]. BlackRock’s IBIT fund led the charge with $111 million in inflows on Tuesday alone, bringing its total holdings to $58.07 billion [1]. Total Bitcoin ETF exposure has now exceeded $153 billion [1].

Ethereum also experienced strong gains, crossing $4,500 amid the broader market optimism [3]. Institutional demand for Ethereum has similarly surged, with a $1 billion single-day inflow recorded on Tuesday [1]. Corporate activity is providing additional support to the rally, with Japan’s Metaplanet purchasing 518 BTC for $61.4 million at an average price of $118,519 [1]. Large company wallets accumulated nearly 3,000 BTC in just two days [1]. Meanwhile, Michael Saylor’s MicroStrategy increased its Bitcoin holdings to an all-time high of $77.2 billion, doubling from its previous peak set in 2024 [1].

From a technical perspective, Bitcoin has broken through important resistance levels, with charts displaying higher lows and a bullish crossover between the 100-day and 200-day moving averages [2]. Traders suggest that a strong close above $123,682 could open the path toward $126,875 [2]. Analysts have also pointed out that a sustained break above $125,000 could propel Bitcoin toward $150,000, based on technical analysis [4]. If buyers can push through that level with stronger volume, Bitcoin could reach the $125,000–$128,000 range by August 31, 2025 [5].

With economic conditions favoring Bitcoin, rising ETF inflows, and increasing corporate adoption, the current rally appears to be grounded in strong fundamentals. The next major test for the market will be whether it can maintain its momentum and achieve a clean break above $125,000 [1].

Sources:

[1] The – [https://www.cryptotimes.io/2025/08/14/bitcoin-price-surges-past-123k-as-rally-targets-125k/](https://www.cryptotimes.io/2025/08/14/bitcoin-price-surges-past-123k-as-rally-targets-125k/)

[2] The – [https://m.economictimes.com/news/international/us/bitcoin-hits-new-all-time-high-btc-may-touch-125k-as-it-skyrockets-amid-market-frenzy-is-now-the-moment-to-dive-into-crypto/articleshow/123291582.cms](https://m.economictimes.com/news/international/us/bitcoin-hits-new-all-time-high-btc-may-touch-125k-as-it-skyrockets-amid-market-frenzy-is-now-the-moment-to-dive-into-crypto/articleshow/123291582.cms)

[3] Binance – [https://www.binance.com/en/square/post/08-13-2025-bitcoin-news-bitcoin-hits-123k-ethereum-breaks-4-500-as-inflation-data-fuels-crypto-rally-28278292788394](https://www.binance.com/en/square/post/08-13-2025-bitcoin-news-bitcoin-hits-123k-ethereum-breaks-4-500-as-inflation-data-fuels-crypto-rally-28278292788394)

[4] Investing.com – [https://www.investing.com/news/economy-news/bitcoin-hits-fresh-record-as-fed-easing-bets-add-to-tailwinds-4190550](https://www.investing.com/news/economy-news/bitcoin-hits-fresh-record-as-fed-easing-bets-add-to-tailwinds-4190550)

[5] CoinDCX – [https://coindcx.com/blog/price-predictions/bitcoin-price-weekly/](https://coindcx.com/blog/price-predictions/bitcoin-price-weekly/)