Bitcoin News Today: Bitcoin Surges Past $124K Amid Fed Easing Hopes, Retreats 4% in Session

Bitcoin (BTC) surged past its previous all-time high, briefly reaching $124,533 before retreating to around $117,951. The rally was fueled by expectations of Federal Reserve policy easing and regulatory clarity in the U.S., including the GENIUS Act and 401(k) crypto allocations [1]. Institutional interest has also increased, with analysts noting that this is not just speculative enthusiasm but a sign of crypto’s growing integration into mainstream portfolios [1]. Despite the recent all-time high, BTC has since lost momentum and faces volatility, trading with a more than 4% decline in the ongoing session [1]. The price has fluctuated significantly over the past week, with sharp rebounds following sell-offs, demonstrating the market's sensitivity to macroeconomic shifts and investor sentiment [1].

Ethereum (ETH) also showed strong performance, with the second-largest cryptocurrency reclaiming the $4,700 level and briefly approaching its all-time high of $4,800 [1]. ETH has gained nearly 20% over the past week, outpacing Bitcoin in terms of short-term growth. The asset has benefited from strong inflows into Ethereum ETFs, which have seen over $700 million in inflows in a single day [1]. Over the past seven trading days, Ethereum products have attracted $2.2 billion in inflows—seven times higher than Bitcoin’s $330 million. This growing institutional appetite for ETH has been supported by increased staking demand and corporate treasury purchases [1]. However, despite these gains, ETH has pulled back in the current session, trading down over 4% as bulls lost control after reaching key resistance levels [1].

Solana (SOL) experienced a significant rally, crossing $200 for the first time in nearly a month and briefly settling at $201 [1]. The altcoin’s surge was driven by increased staking activity and corporate interest, with several firms expanding their Solana holdings. However, the price has since retreated, losing more than 3% during the ongoing session and dropping below $200 [1]. SOL’s price action over the past two weeks has been volatile, with sharp rebounds and sell-offs alternating. The coin began the session at $158 before rising to $176 by the weekend, only to retreat to the current level as market sentiment shifted [1].

The broader crypto market has seen a 0.89% increase in market cap, reaching $4.14 trillion, with Bitcoin and Ethereum leading the charge. However, not all cryptocurrencies have followed the bullish trend—Ripple (XRP), Dogecoin (DOGE), and others have recorded significant declines [1]. Analysts highlight that while Bitcoin and Ethereum remain the primary beneficiaries of macroeconomic tailwinds and regulatory progress, other altcoins face varying degrees of exposure to market corrections and sector-specific risks [1].

In parallel, regulatory developments have continued to shape the landscape. Google Play has updated its policy to require crypto wallet providers in 15 jurisdictions, including the U.S. and EU, to obtain licenses and comply with industry standards. However, the new rules do not apply to non-custodial wallets [1]. Google has faced criticism for its historical actions against crypto apps, including the removal of mining tools and games, but has clarified that non-custodial wallets are not subject to the new requirements [1]. These changes reflect the growing scrutiny of crypto infrastructure by tech platforms and regulators, emphasizing compliance and consumer protection [1].

Bitcoin’s price trajectory also drew attention for its market cap surpassing Google and briefly surpassing Apple, though it has since retreated from that level [1]. Some analysts have speculated on the potential for BTC to continue its upward trend, with one predicting it could reach $175,000 by the end of August [1]. Meanwhile, BitMEX founder Arthur Hayes has made a more ambitious forecast, predicting $250,000 by the end of 2025, contingent on Fed policy shifts [1]. These predictions, however, remain speculative and are not guaranteed outcomes [1].

Source: [1]title: Crypto Price Analysis 8-14: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL (url:https://cryptodaily.co.uk/2025/08/crypto-price-analysis-8-14-bitcoin-btc-ethereum-eth-solana-sol)