Stories By Subarna Biswas

  • By Subarna Biswas
  • 14.08.2025
  • 6 Min

Bitcoin Price Analysis: BTC Loses Steam After Push Above $124,000

Bitcoin’s (BTC) price action saw two extremes as it surged to a new all-time high before losing momentum. The flagship cryptocurrency crossed $124,000 and set a new all-time high of $124,533. However, it plummeted below $120,000 almost immediately following an unsettling US PPI report. The report revealed that wholesale inflation surged far beyond expected levels, jeopardizing expectations of a rate cut.

Author

Subarna Biswas

Subarna Biswas

Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.