Bitcoin sets new record as investors flock to risk assets

Bitcoin hit a record high on August 13 and continued its rally in tandem with the US stock market recovery, as investors became more willing to take risks in global markets.

On the evening of August 13, in New York, this digital currency surpassed the $123,500 mark, breaking the previous all-time high of $123,205.12 reached on July 14.

The milestone came shortly after the S&P 500 composite index closed at a record high for the second straight session.

Early in the morning of August 14, Asian time, bitcoin continued to increase by 0.9% and reached 124,002.49 USD.

On the same day, the second-largest digital currency, ether, also hit $4,780.04, its highest level since late 2021.

Bitcoin's rally has been fueled by a combination of factors. US inflation data this week reinforced the belief that the US Federal Reserve will cut interest rates in September 2025.

This move eased financial conditions and encouraged capital flows from blue-chip stocks to the more volatile crypto-asset markets.

Ben Kurland, CEO of cryptocurrency research platform DYOR, said that the combination of benign inflation, growing interest rate cut expectations, and unprecedented institutional participation has created a strong “tailwind” for bitcoin’s bull run.

The difference this time is the maturity of the demand side: the current rally is not just driven by retail investor excitement but also by structural buying from asset managers, corporations and even sovereign wealth funds.

Bitcoin's price rally has been steady for much of the past year, thanks in part to a more friendly regulatory environment in Washington under President Donald Trump.

Public companies have fueled demand by adopting the increasingly popular strategy of hoarding bitcoin.

Recently, this trend has spread to smaller cryptocurrencies like Ether, leading to a broad-based rally in digital assets.

Tony Sycamore, market analyst at IG, said that a sustained break above $125,000 could push bitcoin to $150,000.

Bitcoin is up nearly 32% year-to-date in 2025, thanks to long-awaited regulatory wins following the return of President Trump.

Bitcoin's surge has also sparked a broader rally across the asset class over the past few months, despite concerns over Trump's tariff policies.

According to data from trading site CoinMarketCap, the total market capitalization of the digital currency sector has skyrocketed from about 2,500 billion USD in November 2024 to more than 4,180 billion USD at present./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/bitcoin-lap-ky-luc-moi-khi-nha-dau-tu-do-xo-vao-cac-tai-san-rui-ro-post1055620.vnp