Bitcoin News Today: Bitcoin Surpasses Alphabet in Market Cap, Hits $124,283 All-Time High

Bitcoin briefly surpassed Google parent company Alphabet’s market capitalization, reaching $2.46 trillion with its price hitting an all-time high of $124,283 on August 14, 2025. This milestone positioned Bitcoin as the fifth-largest asset in the world by market value, trailing only behind Apple, Microsoft, Amazon, and Alphabet itself [1]. The achievement underscored the growing institutional interest in the cryptocurrency, with U.S.-listed Bitcoin ETFs recording billions in net inflows and over 200 companies now holding Bitcoin in their corporate treasuries [2]. Norway’s sovereign wealth fund also increased indirect exposure to approximately 7,000 BTC through its investments in firms with significant Bitcoin holdings [3].

However, the rally was followed by a sharp correction, with Bitcoin retreating to around $118,000 in the subsequent days. The pullback was attributed to profit-taking and macroeconomic uncertainty following the release of U.S. Producer Price Index (PPI) data, which indicated persistent inflationary pressures [4]. The decline triggered over $1 billion in liquidations across the crypto market, raising concerns about the sustainability of Bitcoin’s recent momentum [5]. Despite the dip, analysts noted that the price action reflected a more mature market dynamic, with institutional participation contributing to stronger price support levels and reduced speculative behavior [6].

The broader macroeconomic environment continues to play a critical role in Bitcoin’s price trajectory. The Federal Reserve’s potential rate cut in September—currently priced in at over 90% probability—has been a key factor in boosting risk assets like Bitcoin, as lower interest rates reduce capital costs and increase liquidity [7]. This trend aligns with the year-to-date performance of Bitcoin, which has gained approximately 28%, matching gold’s returns and reinforcing its position as a mainstream financial asset [8].

Recent developments, including the U.S. executive order allowing 401(k) retirement accounts to invest in Bitcoin, are expected to further solidify institutional demand. With approximately $12.5 trillion in retirement savings potentially open for Bitcoin exposure, the market is poised for continued institutional adoption [9]. The total market capitalization of the crypto industry has also reached over $4 trillion, reflecting broad-based optimism and growing recognition of digital assets as a legitimate asset class [10].

While short-term volatility remains a factor, particularly after major price milestones, the recent price action suggests that Bitcoin is increasingly viewed as a strategic treasury asset rather than a speculative play. The ability to maintain levels above $118,000 despite the correction highlights growing market stability and deeper institutional integration [11]. Analysts are now watching the $135,000–$138,000 range as a potential target if the current correction is seen as a temporary pause rather than a broader reversal [12].

Source:

[1] Bitcoin Magazine | Bitcoin News, Analysis & Insights (https://bitcoinmagazine.com/markets/bitcoin-price-slid-down-to-118000-after-surpassing-googles-market-cap)

[2] Bitcoin Magazine | Bitcoin News, Analysis & Insights (https://bitcoinmagazine.com/)

[3] CoinDesk (https://www.coindesk.com/markets/2025/08/14/bitcoin-crosses-google-to-become-fifth-largest-asset-as-fed-rate-cut-bets-rise)

[4] The (https://m.economictimes.com/crypto-news-today-live-14-aug-2025/liveblog/123288029.cms)

[5] PANews (https://www.panewslab.com/en/articles/ffbf083a-f73f-4352-b6a4-c582cb091c65)

[6] Cryptonews (https://cryptonews.com/tags/market/)

[7] CoinDesk (https://www.coindesk.com/markets/2025/08/14/crypto-prices-quickly-slide-after-troubling-u-s-ppi-report)