Bitcoin News Today: Bitcoin Nears All-Time High as Crypto Market Cap Hits Record

Bitcoin’s price edged closer to its previous all-time high as the global cryptocurrency market cap set a new record on August 12, 2025. According to CoinGecko, the total market cap exceeded previous peaks, driven by strong performance from Bitcoin and other major cryptocurrencies [1]. The digital asset reached as high as $122,500 earlier in the week, nearly surpassing its 2021 high in certain fiat and local currency valuations [2].

Bitcoin’s price movement reflected renewed bullish sentiment across the market. The asset climbed from around $112,000 to over $117,000 last week, breaking through key resistance levels and signaling growing confidence among investors and traders [3]. On August 6, the price surged past $122,000, rising more than 3% in a single trading session [4]. While some analysts have raised caution about potential overvaluation, others remain optimistic as long as macroeconomic conditions remain favorable [4].

Institutional activity has also played a key role in Bitcoin’s upward momentum. Strategy, a major corporate Bitcoin holder, recently acquired 155 BTC for $18 million at an average price of $116,401 per coin [5]. The firm, formerly known as MicroStrategy, has been gradually building its Bitcoin reserves since 2020, with its current holdings valued at approximately $75.6 billion [5]. This continued corporate adoption has helped reinforce Bitcoin’s narrative as a strategic asset, encouraging similar initiatives in other parts of the global economy.

The broader crypto market also experienced gains, with Ethereum approaching its 2021 peak and representing 12.54% of the total market capitalization on August 4 [6]. Institutional buying, particularly from traditional finance and corporate sectors, has become increasingly apparent as demand for crypto assets continues to rise [6].

Looking ahead, analysts like Alfred have speculated that if Bitcoin can break above $123,000, it could see a rapid move toward $130,000 within days and potentially reach $146,000 in two weeks [7]. However, such projections remain optimistic and should be interpreted as potential scenarios rather than guaranteed outcomes.

The current rally highlights Bitcoin’s ongoing resilience and its ability to attract both retail and institutional investors. Whether it will ultimately surpass its previous all-time high in U.S. dollars remains to be seen, but the market is clearly positioned for a bullish continuation in the near term [1].

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Source: [1] Bitcoin Approaches Previous ATH as Global Crypto Market Cap Reaches New High August 12, 2025. https://en.coinotag.com/bitcoin-approaches-previous-ath-as-global-crypto-market-cap-reaches-new-high/

[2] Bitcoin US$118.7K. Bitcoin almost reaches new ATH. Independent. https://www.independentreserve.com/blog/market-update/btc-us118-7k-bitcoin-almost-reaches-new-ath

[3] Best Crypto to Buy Now As Bitcoin Price Inches Towards ... CryptoDnes.bg. https://cryptodnes.bg/en/best-crypto-to-buy-now-as-bitcoin-price-inches-towards-new-ath/

[4] Bitcoin Price Eyes ATH With Falling Average Executed ... Mitrade. https://www.mitrade.com/insights/news/live-news/article-3-1030131-20250812

[5] Strategy's Bitcoin journey hits 5 years with new $18M buy. CryptoSlate. https://cryptoslate.com/strategy-celebrates-5-years-of-bitcoin-success-with-18m-btc-purchase/

[6] Ethereum Hits ¥639455 in Japan on Surge in Institutional ... AInvest. https://www.ainvest.com/news/ethereum-news-today-ethereum-hits-639-455-japan-surge-institutional-buying-2508/

[7] Bitcoin Explodes Past $122000: Will BTC Hit ... CryptoDnes.bg. https://cryptodnes.bg/en/bitcoin-explodes-past-122000-will-btc-hit-130000-before-september/