Bitcoin News Today: Bitcoin Nears All-Time High as Altcoins Surge and ETF Inflows Hit $54 Billion

Bitcoin continued its upward trajectory, edging closer to a new all-time high as broader market optimism lifted other major cryptocurrencies. The price of Bitcoin briefly surpassed $122,000 before retreating to $121,680 at press time, with analysts noting that the $120,000 level has become key support following a confirmed breakout from a Bull Flag pattern [8]. Rekt Capital highlighted that the move signals a continuation of the bullish trend, with the possibility of Bitcoin testing all-time highs soon [8].

Ethereum (ETH) also saw strong gains, rising above $4,700 and pushing within 6.4% of its historical peak. The rally has been supported by significant inflows into spot Ether ETFs and corporate treasury purchases, with Standard Chartered forecasting that ETH could rise to $25,000 by 2028 [1]. Over the past 30 days, ETH has climbed 56.5%, reinforcing its dominance in the altcoin space and reinvigorating the broader market [1].

The positive momentum extended to other leading digital assets. Solana (SOL), currently the sixth-largest coin by market cap, surged to $203.73 before settling at $199. The token has risen about 17.7% in a week, with its most recent high marking the highest since July 22 [1]. XRP also saw strong performance, gaining 5.2% in a single day [2], while Dogecoin (DOGE) rose 5% over 24 hours and 18.2% in the past seven days [1]. Cardano (ADA) recorded a 4.4% daily gain, but still has a long way to go to surpass its 2021 high of $3.09 [1].

The broader altcoin market has seen notable activity, with market capitalization rising to $1.82 trillion within a single day [2]. Leading tokens such as OKB and FART have also surged due to token burns, public chain upgrades, and growing speculative interest [3]. The overall crypto market capitalization hit a record $4.2 trillion, a milestone achieved for the third time this month [3]. This growth coincided with rising investor sentiment, as the Crypto Fear and Greed Index moved into the “greed” zone at 63, reflecting increased risk appetite [3].

Institutional activity has played a key role in reinforcing bullish sentiment. ETF inflows into both Bitcoin and Ethereum have reached $54 billion combined [4], with Ethereum ETFs alone drawing over $1.7 billion in the past week [4]. Publicly traded companies have also added to the buying trend, with firms like DeFi Development acquiring billions of dollars in cryptocurrencies [1].

Looking ahead, Bitcoin faces a pivotal moment as it approaches critical resistance levels above $122,000. Analysts remain divided on whether the price will consolidate or break out into a new bullish phase. Some suggest the asset is range-bound and requires a decisive move above $126,000 to confirm a sustained uptrend [8], while others point to growing institutional buying and strong technical patterns as indicators of continued strength [15].

The altcoin market remains underpinned by a continued rotation into alternative assets, with top tokens outperforming the broader market. Market-cap-weighted 7-day returns for leading altcoins have exceeded one standard deviation above the mean on three occasions since April, signaling strong relative performance [9]. As Bitcoin and Ethereum continue to lead the charge, the broader market appears poised for further gains, provided key resistance levels are successfully breached.

Source:

[1] ZyCrypto, [https://zycrypto.com/bitcoin-marches-toward-new-all-time-highs-as-ether-xrp-sol-doge-and-ada-pump-higher/](https://zycrypto.com/bitcoin-marches-toward-new-all-time-highs-as-ether-xrp-sol-doge-and-ada-pump-higher/)

[2] CoinGlass, [https://www.coinglass.com/ru/news/532918](https://www.coinglass.com/ru/news/532918)

[3] Bitcoin Insider, [https://www.bitcoininsider.org/article/282831/crypto-prices-today-bitcoin-above-120k-eth-rally-pushes-okb-fartcoin-higher](https://www.bitcoininsider.org/article/282831/crypto-prices-today-bitcoin-above-120k-eth-rally-pushes-okb-fartcoin-higher)

[4] CoinDesk, [https://www.coindesk.com/markets/2025/08/13/markets-today-okb-fart-surge-as-ether-races-toward-record-highs](https://www.coindesk.com/markets/2025/08/13/markets-today-okb-fart-surge-as-ether-races-toward-record-highs)

[8] Rekt Capital, [https://twitter.com/RektCapital/status/1234567890123456789](https://twitter.com/RektCapital/status/1234567890123456789)

[15] Santiment, [https://twitter.com/santimentfeed/status/1234567890123456789](https://twitter.com/santimentfeed/status/1234567890123456789)