Bitcoin Hits Record High With Sharp Rally in Ethereum, DOGE, Ripple; Check Major Cryptocurrency Prices Today

All cryptocurrencies surged sharply in the last 24 hours, with Bitcoin price reaching a record high of $124,000 on August 14th for the first time. Other major tokens, including Ethereum, Ripple, and Dogecoin, also touched their all-time highs. One of the main reasons behind this rally is the recent softer-than-expected U.S. inflation data, which has fuelled optimism that the Federal Reserve may consider lowering interest rates soon. Lower interest rates generally make riskier assets like cryptocurrencies and equities more attractive. Supporting this bullish sentiment, Wall Street also closed in the green on Wednesday. Here are the top cryptocurrency prices today and their prices in India.

Bitcoin Price Today

On 14th August, the Bitcoin (BTC) price today stood at $123,474.45, up 3.37% in the last 24 hours. The cryptocurrency recorded an intraday high of $124,000 and a low of $120,900. Bitcoin remains the largest digital asset by market capitalisation at $2.46 trillion. The Bitcoin price today in India is around Rs. 10,290,000, up 3.37%.

"Bitcoin hit a fresh all-time high of $124,400, taking the overall crypto market cap to a record $4.18 trillion. Multiple factors, such as strong optimism for a September rate cut, corporate accumulation, consistent ETF inflows, and bullish derivatives activity, have contributed to the rally. Moves by the Trump administration to ease investment in crypto assets have further improved the market sentiment. Currently trading at $123,600, the breakout has pushed BTC into price discovery, with liquidation clusters forming near $125,500. If the momentum continues, we could see BTC heading towards $140,000 in the coming weeks," said Edul Patel, Co-founder and CEO of Mudrex

Ethereum Price Today

Ethereum (ETH) price today also sharply surged 2.61%, trading at $4,766.60. The coin hit an intraday high of $4,780 and a low of $4,650 due to momentum in the Ethereum ecosystem. Its market capitalisation stands at $573.89 billion. The Ethereum price today in India reached Rs. 397,500, up 2.61%.

XRP Price Today

XRP price today is $3.33, up 2.75% in the last 24 hours. XRP reached a high of $3.38 and a low of $3.25 during the day. Its market capitalisation stands at $197.35 billion. XRP price today in India rose to Rs. 277, up 2.75%.

Tether Price Today

Tether (USDT) price today remains stable at $1.00, with a marginal change of 0.04%. USDT is the top stablecoin with a market capitalisation of $165.04 billion. The Tether price today in India remained stable at Rs. 83.5.

Binance Coin Price Today

Binance Coin (BNB) price today increased 2.40% to $856.19, with an intraday high of $860 and low of $830. BNB's market capitalisation is $119.04 billion. Binance Coin price today in India increased to Rs. 71,300, up 2.40%.

Solana Price Today

Solana (SOL) price today jumped 5.33%, reaching $208.13. The token recorded an intraday high of $210 and a low of $198. Solana's market capitalisation is $111.96 billion. The Solana price today in India jumped to Rs. 17,350, up 5.33%.

USDC Price Today

The USDC price today holds steady at $0.9997, down slightly by 0.01%. It maintains a market capitalisation of $67.07 billion. The USDC price today in India remained stable at Rs. 83.5.

Dogecoin Price Today

Dogecoin (DOGE) price today rose 6.10%, trading at $0.2525. The coin's intraday high was $0.255 and low was $0.238. Dogecoin's market capitalisation is $37.92 billion. Dogecoin price today in India climbed to Rs. 21.0, up 6.10%.

Market Movement Analysis

"Bitcoin surged to an all-time high of $124,457 in early trading, extending its rally after weeks of consolidating above the key $115,000 support. This extended base acted as a launchpad, with $116M in short liquidations and trading volumes exceeding $95B, signalling strong spot-led demand over leveraged futures. A slight dip in open interest further highlights the spot-driven nature of this move." said Sumit Gupta, Co-Founder of CoinDCX.

"Macro tailwinds are amplifying momentum. Expectations of a September Fed rate cut are fueling risk-on sentiment, while U.S. policy shifts-such as permitting crypto in 401(k) plans-are bolstering institutional conviction. A weaker U.S. dollar near multi-week lows is enhancing Bitcoin's appeal as a hedge. The broader crypto market also surged, driven by institutional demand for Ethereum and other major altcoins, alongside improved regulatory clarity following U.S. stablecoin legislation. With a $2.45T market cap, Bitcoin has overtaken Google to become the world's fifth-largest asset, trailing only gold, NVIDIA, Microsoft, and Apple. Spot Bitcoin ETFs have now logged seven consecutive days of positive net inflows, underlining sustained institutional accumulation and long-term confidence in the asset." Sumit further added.

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