BTC Tops $124K ATH, Briefly Overtakes Google By Market Cap

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Polymarket Bettors Goal $130K-$200K Mow Says Bitcoin And Altcoins Will Battle It Out After BTC’s All-Time Excessive Bitcoin ETFs Proceed Influx Streak, However Lag Behind Ethereum Funds Associated Articles:

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Bitcoin surged previous $124k, setting a brand new all-time excessive (ATH) and briefly overtaking Google’s $2.488 trillion market capitalization to develop into the world’s fifth-most worthwhile asset.

BTC hit a document excessive of $124,457.12 up to now 24 hours earlier than pulling again to commerce at $121,692 as of 12:28 a.m. EST. The crypto king is up extra 1.3% up to now day and 5.8% up to now final week amid buoyant market sentiment.

Buyers are betting that lower-than-expected US CPI inflation this week and strain from President Donald Trump will convey rates of interest cuts subsequent month. Trump immediately referred to as for a one foundation level minimize, whereas Treasury Secretary Scott Bessent yesterday urged a 50 foundation level minimize.

The surge additionally noticed Technique’s BTC holdings shut at a brand new ATH of $77.2 billion, mentioned government chair, Michael Saylor, in a put up on X.

And in response to blockchain analytics agency Arkham Intelligence, the worth of Bitcoin held by Elon Musk’s SpaceX additionally has surpassed $1 billion. The corporate holds 8,285 Bitcoin.

Polymarket Bettors Goal $130K-$200K

Bitcoin’s ascent will not be over but, in response to bettors on the decentralized platform, Polymarket.

Over the previous 24 hours, a contract asking what value Bitcoin will hit noticed the chances of $130K to $200K improve. Bets that BTC will surge to $130K earlier than the 12 months is over surged 8%, pushing the chances to 84%.

The following largest improve was odds across the $140K goal being reached. Bettors upped the probabilities by 6% to 63%.

Odds for what value Bitcoin will hit in 2025 (Supply: Polymarket)

In the meantime, odds of $150K, $170K and $200K being reached earlier than the top of the 12 months climbed 4%, 5%, and 1%, respectively. The $150K goal has the best odds of the three, with bettors seeing a 47% likelihood that BTC may hit this value level.

Analysts additionally keep a bullish outlook for BTC, together with pseudonymous dealer and analyst Rekt Capital, who instructed his over 556.4K X followers initially of the week that Bitcoin convincingly breaking above $126K may result in a parabolic rally.

In that case, he believes the probabilities are that the BTC value “will go so much increased and shortly.”

Mow Says Bitcoin And Altcoins Will Battle It Out After BTC’s All-Time Excessive

Following Bitcoin’s new ATH, Bitcoin pioneer and JAN3 CEO Samson Mow, who has greater than 352k followers on X, mentioned there at the moment are two attainable future paths.

Within the first one, he mentioned “We Godzilla or Omega up, suck all of the oxygen out of the room, and alts drop 30-40%.” The choice is “Alt mania peaks, triggering an enormous selloff because the Bagholder’s Dilemma loses equilibrium, BTC goes down briefly then up once more, as alts tank,” he added.

Two attainable paths for #Bitcoin now.
1⃣ We Godzilla or Omega up, suck all of the oxygen out of the room, and alts drop 30-40%.
2⃣ Alt mania peaks, triggering an enormous selloff because the Bagholder’s Dilemma loses equilibrium, BTC goes down briefly then up once more, as alts tank.
— Samson Mow (@Excellion) August 14, 2025

Mow, identified for his work on El Salvador’s Bitcoin technique and selling Bitcoin adoption by nations, predicted in an earlier put up immediately that “there might be extra Bitcoin ATHs,” however warned {that a} pullback is probably going as a result of altcoins are at present “operating too sizzling proper now.”

“As soon as the altcoin mania passes, Bitcoin will take off,” he mentioned. “That is simply the way it’s at all times been.”

During the last month, the entire capitalization for altcoins soared greater than 16%, knowledge from TradingView reveals. The ETH/BTC ratio additionally soared over 20% throughout the identical interval, which suggests ETH is strengthening in opposition to the main crypto.

BINANCE:ETHBTC Chart Image by StevenWalgenbach

Month-to-month chart for ETH/BTC (Supply: TradingView)

Mow commented on the surging ETH/BTC ratio as nicely, saying that early Bitcoin buyers are simply utilizing the treasury narrative round ETH to pump its value increased. “As soon as they’ve gotten it excessive sufficient, they’ll dump their ETH” and rotate the good points again into BTC, he mentioned.

Bitcoin ETFs Proceed Influx Streak, However Lag Behind Ethereum Funds

Whereas Mow forecasts a possible rotation from ETH to BTC, US spot Ethereum ETFs (exchange-trade funds) proceed to outperform their Bitcoin counterparts.

The BTC funds had been capable of prolong their optimistic move streak to six days after $86.9 million entered the ETFs’ reserves yesterday. BlackRock’s ETF recorded no new flows for the day, which is a change within the product’s dominant pattern seen in latest weeks.

As an alternative, buyers poured capital into Constancy’s FBTC, Bitwise’s BITB, ARK Make investments’s ARKB, Invesco’s BTCO and Grayscale’s BTC.

Over the previous week, the Bitcoin ETFs have recorded greater than $1.103 billion inflows, in response to Farside Investor knowledge.

Institutional buyers, nevertheless, appeared to have most popular spot Ethereum ETFs over the BTC funds. In simply the final 3 days, inflows for the ETH merchandise topped $2.2 billion. Yesterday, BlackRock’s fund pulled in additional than $500 million by itself as nicely.

That’s after the US ETH ETFs began the week off on a powerful be aware, and recorded internet each day inflows above $1 billion. Following yesterday’s inflows, the ETH merchandise are additionally on a 7-day streak.