Bitcoin News Today: Bitcoin Surges 3.6% as CPI Data Looms and ETFs See $91.6M Inflows

Bitcoin’s price has surged above $122,000 in early August 2025, inching closer to its previous all-time high of $123,218 [1]. Over the past 24 hours, the cryptocurrency gained 3.6%, supported by strong on-chain metrics and growing adoption. Daily new Bitcoin addresses have reached a one-year high of 364,126, signaling rising retail and institutional interest [2]. Analysts highlight that this increase in network activity reflects a broader trend of Bitcoin gaining traction as a store of value and hedge against macroeconomic uncertainty [3].

The rally has been driven by a combination of factors, including improved regulatory clarity in the U.S. and anticipation of the upcoming July Consumer Price Index (CPI) data [3]. The CPI, scheduled for release on Tuesday, is expected to show an annual inflation rate of 2.8%, up from 2.7% in June [6]. This data will be critical in shaping market expectations for Federal Reserve policy, with the CME FedWatch tool currently pricing in an 88% probability of a 50-basis-point rate cut in September [7]. A softer-than-expected inflation report could further boost Bitcoin, which tends to perform well in low-interest-rate environments [1].

Bitcoin ETFs have also contributed to the positive momentum, ending a four-day outflow streak with $91.6 million in inflows [1]. This shift in investor sentiment reflects growing confidence in the crypto market, especially as macroeconomic conditions suggest a potential easing in monetary policy. Institutional demand has been a key driver, with many investors viewing Bitcoin as a long-term asset amid ongoing economic volatility [4].

Technical indicators also support the bullish trend. The Golden Cross pattern has reappeared on Bitcoin charts, a historical signal that has often preceded further price increases [1]. Combined with post-halving dynamics and strong open interest growth, many analysts expect the rally to continue into Q4 [1]. Sean Dawson, head of research at on-chain options platform Dervie, predicts Bitcoin could reach $150,000 before the end of the year based on volatility data [1].

However, the market remains cautious ahead of the CPI data. Derivatives activity shows increased speculative positioning, with growing open interest and higher buying volumes [1]. At the same time, some traders are hedging against potential upside surprises in the inflation report, with increased demand for put options reflecting concerns over short-term volatility [1].

The broader crypto market has also benefited from Bitcoin’s momentum, with total market capitalization hitting an all-time high of $4.13 trillion [7]. Ethereum, in particular, has surged to a near-four-year high of $4,320, while select altcoins such as Hyperliquid and Chainlink have posted gains of over 4% [7]. Despite this, most altcoins have remained relatively flat, with Bitcoin continuing to dominate market attention [7].

Looking ahead, the next two weeks will be pivotal as key economic data and Fed policy signals shape the trajectory of Bitcoin and the broader market. A favorable CPI reading could accelerate the move toward a new all-time high, while a stronger-than-expected print may introduce short-term volatility [6]. Regardless of the outcome, the convergence of strong price action, increased institutional adoption, and macroeconomic optimism suggests that Bitcoin remains in a powerful bullish phase as it approaches key U.S. data releases [1].

Sources:

[1] CoinCentral - [https://coincentral.com/bitcoin-btc-price-prediction-eyes-all-time-highs-ahead-of-tuesday-us-cpi-data-release/](https://coincentral.com/bitcoin-btc-price-prediction-eyes-all-time-highs-ahead-of-tuesday-us-cpi-data-release/)

[2] FinanceMagnates - [https://www.financemagnates.com/trending/why-bitcoin-price-is-surging-today-bulls-target-140k-btc-as-crypto-rally-accelerates/](https://www.financemagnates.com/trending/why-bitcoin-price-is-surging-today-bulls-target-140k-btc-as-crypto-rally-accelerates/)

[3] AInvest - [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-nears-time-high-inflation-data-anticipation-2508/](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-nears-time-high-inflation-data-anticipation-2508/)

[4] fxopen.com - [https://fxopen.com/blog/en/oa-bitcoin-price-climbs-back-above-120k/](https://fxopen.com/blog/en/oa-bitcoin-price-climbs-back-above-120k/)

[6] CryptoPotato - [https://cryptopotato.com/bitcoin-volatility-4-things-that-could-move-crypto-markets-this-week/](https://cryptopotato.com/bitcoin-volatility-4-things-that-could-move-crypto-markets-this-week/)

[7] Brave New Coin - [https://bravenewcoin.com/partner/bitcoin-all-time-high-close-cpi-data-hypes-hyper](https://bravenewcoin.com/partner/bitcoin-all-time-high-close-cpi-data-hypes-hyper)