{"id":865037,"date":"2025-08-14T21:11:39","date_gmt":"2025-08-15T02:11:39","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/14\/bitcoin-price-today-hits-new-ath-at-123600-on-fed-rate-cut-hopes\/"},"modified":"2025-08-14T21:11:39","modified_gmt":"2025-08-15T02:11:39","slug":"bitcoin-price-today-hits-new-ath-at-123600-on-fed-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/14\/bitcoin-price-today-hits-new-ath-at-123600-on-fed-rate-cut-hopes\/","title":{"rendered":"Bitcoin Price Today Hits New ATH at $123,600 on Fed Rate Cut Hopes"},"content":{"rendered":"
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\"Bitcoin<\/figure>\n<\/div>\n
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Bitcoin has smashed through its old record, hitting $123,600 and sending a wave of excitement through the crypto world. The jump comes as traders bet big on a September Fed rate cut, with fresh inflation data showing prices cooling to 2.7%. There\u2019s even talk from US Treasury Secretary Scott Bessent about a bigger 50 bps cut, which could pump more money into the markets and fire up risk-taking. Riding the hype, Santiment <\/a>celebrated Bitcoin\u2019s $123,610 peak as a proud milestone in its 17-year journey.<\/p>\n

Fed Rate Cut Fuels Liquidity Hopes<\/strong><\/h2>\n

A potential rate cut is a green light for increased liquidity in the market, offering a significant tailwind to both Bitcoin and altcoins. BTC\u2019s market cap has now leapfrogged Google and Amazon, ranking <\/a>as the sixth-largest asset globally, with only gold and tech giants like Apple, Microsoft, and Nvidia ahead. This milestone has also boosted institutional portfolios. MicroStrategy\u2019s Bitcoin holdings have reached a record $77.2 billion, while El Salvador\u2019s national BTC stash now sits on an unrealized profit of over $468 million.<\/p>\n

Whale Moves Signal Confidence<\/strong><\/h3>\n

Adding to the bullish tone, on-chain trackers flagged <\/a>a massive whale withdrawal of 5,400 BTC (worth $656 million) from Kraken, likely destined for cold storage. While some suggested it could be a portfolio reshuffle, analysts believe it signals strong institutional accumulation. Large-scale withdrawals to private wallets often hint at long-term conviction and reduced sell pressure, factors that can help sustain price rallies.<\/p>\n

Miner Reserves Drop, Easing Sell Pressure<\/strong><\/h3>\n

One key factor supporting Bitcoin\u2019s rally is the sudden drop in miner reserves. Earlier this month, reserves climbed from 1,806,790 BTC on August 2 to 1,808,488 BTC on August 10, raising fears of increased selling from miners, a common rally killer. But just as BTC began breaking out, reserves fell to 1,806,630 BTC and have since stayed steady. This decline means less immediate selling risk, removing a major obstacle for bulls looking to push prices higher.<\/p>\n

Altcoins Join the Party<\/strong><\/h3>\n

Ethereum has followed Bitcoin\u2019s lead, rallying over 28% in the past week and inching closer to its own ATH of $4,891. Traders are now weighing whether this liquidity injection could trigger a broader breakout in altcoins. With Ethereum\u2019s options open interest hovering near record highs at $13.75 billion, derivative markets point toward incoming volatility.<\/p>\n

Market Outlook<\/strong><\/h2>\n

In the current situation, if liquidity from a Fed rate cut combines with rising ETF inflows and stablecoin adoption, the next phase of this rally could push Bitcoin deeper into price discovery and potentially ignite the long-awaited altcoin season.\u00a0<\/p>\n

Interestingly, Samson Mow<\/a>, CEO of JAN3 and a long-time Bitcoin advocate sees two possible outcomes for Bitcoin now, either BTC surges massively, causing altcoins to drop 30\u201340%, or altcoins rally first, then crash hard, with Bitcoin briefly dipping before moving higher again.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

FAQs<\/h2>\n
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Why is Bitcoin price up today?<\/strong><\/strong><\/p>\n

Bitcoin\u2019s price rose due to Fed rate cut bets, cooling inflation (2.7%), and institutional buying, fueling bullish market sentiment.<\/p>\n<\/div>\n

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How does a Fed rate cut impact Bitcoin?<\/strong><\/strong><\/p>\n

A rate cut increases market liquidity, encouraging risk-taking and investment in Bitcoin and altcoins as investors seek higher returns.<\/p>\n<\/div>\n

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Will Ethereum and altcoins follow Bitcoin\u2019s rally?<\/strong><\/strong><\/p>\n

Yes, Ethereum (+28% weekly) and altcoins may surge if Fed liquidity boosts crypto markets, but volatility remains likely.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Debashree Patra<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has smashed through its old record, hitting $123,600 and sending a wave of excitement through the crypto world. The jump comes as traders bet big on a September Fed rate cut, with fresh inflation data showing prices cooling to 2.7%. There\u2019s even talk from US Treasury Secretary Scott Bessent about a bigger 50 bps<\/p>\n","protected":false},"author":1,"featured_media":865038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[],"class_list":["post-865037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/865037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=865037"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/865037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/865038"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=865037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=865037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=865037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}