Bitcoin News Today: Bitcoin Hits $124,457 All-Time High Driven by ETF Inflows and Institutional Adoption

Bitcoin surged to an all-time high of $124,457 on August 13, 2025, marking a historic milestone for the cryptocurrency market [1]. This record-breaking price point was driven by strong inflows into spot Bitcoin ETFs, increased accumulation by large whale investors, and growing institutional adoption [1]. While the price briefly pulled back following the record high, it continued to display a strong upward trajectory amid heightened optimism about the asset class [1].

The surge in Bitcoin’s price has elevated its market capitalization to $2.456 trillion, surpassing the market cap of Google and positioning it as the fifth-largest asset globally [1]. The total crypto market cap also reached a new peak of $4.10 trillion, signaling a potential bull run and sustained demand across the broader market [1].

Ethereum also experienced a strong performance, rising nearly 90% in the third quarter of 2025 and approaching its previous record high from 2021 [1]. Santiment data revealed a 30-day simple moving average (SMA30) of -40,000 ETH, indicating continued accumulation and supporting the bullish momentum [1].

Institutional adoption of Bitcoin has accelerated, with over 100 public companies now holding the asset in their treasuries [1]. Ethereum-focused treasury firm BitMine Immersion Technologies (BMNR) also announced plans to raise $20 billion to expand its ether holdings [1]. These developments reflect the growing legitimacy of cryptocurrencies as a mainstream asset class.

Analysts remain cautiously optimistic about the future of Bitcoin. According to forecasts, Bitcoin may enter a “parabolic phase,” with a short-term price target of $126,000 set by MarketMaestro [1]. However, investors are advised to remain cautious, as the investor sentiment index has risen to 75, reflecting high confidence but also expectations of short-term volatility [1]. Some traders are adopting mixed strategies, preparing for potential pullbacks amid the market's inherent volatility.

Bitcoin has now surpassed $124,000 multiple times in late July and early August, indicating that the asset is entering a phase of price discovery following its record-breaking rally [3]. The current environment reflects strong investor confidence, supported by institutional interest and favorable macroeconomic conditions, but as Bitcoin moves into uncharted territory, caution is advised.

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Source:

[1] https://dailyhodl.com/2025/08/13/bitcoin-shatters-all-time-high-as-ethereum-approaches-2021-top/

[3] https://cryptorank.io/news/feed/556e2-bitcoin-breaks-124k-enters-price-discovery-xrp-eth-sol-target-records