Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Flirts With Record High as Wild Predictions Fly

Bitcoin Flirts With Record High as Wild Predictions Fly

TheCryptoUpdatesTheCryptoUpdates2025/08/11 16:50
By:Mridul SrivastavaJackKesarwaniKesarwaniJackJackJackKesarwaniMridul SrivastavaKesarwani

Bitcoin has surged back into focus, soaring above $122,000 and nearing its record peak. The surge comes with a flood of fresh cash—spot Bitcoin ETFs raked in $247 million last week, led by BlackRock’s IBIT, while Ethereum ETFs kept their winning streak alive for a 13th straight week, pulling in $327 million.

#Bitcoin Finally reached $120,000 again !

As promised,
I want to change someone’s life and send 1 $BTC (~$120,000) to one person by tomorrow.

Just like, retweet and comment ‘done’.
Random winner in 15 hrs pic.twitter.com/2aO3nBEcG0

— Mr. Crypto Whale 🐋

And then there are the price targets. Rumors—very much unverified—are swirling that MicroStrategy’s Michael Saylor has been talking about Bitcoin one day hitting $10 million. On the slightly less moonshot side, Citigroup is calling for $199K by the end of 2025 if ETF approvals and institutional demand keep up. Either way, the chatter has traders buzzing, though analysts keep pointing to Bitcoin’s tight link to the Nasdaq as a double-edged sword: great when tech stocks are hot, brutal when they’re not.

Ethereum isn’t sitting quietly either, breaking $4,300 for the first time since late 2021. The NFT and DeFi corners of the market are showing some teeth too—Pudgy Penguins popped, Lido DAO spiked over 11% , and Elon Musk, once again, managed to send Dogecoin higher with a single round of social media posts.

Still, there’s a bit of unease in the air. Bitcoin miners are unusually quiet right now, which has people wondering how long this rally can really last—and with regulations still unclear, the future isn’t looking any less uncertain.

Also read: SEC Ends Ripple Battle, XRP Soars as Bitcoin Targets $120K

Conclusion

Right now, crypto feels like it’s walking a tightrope between euphoria and a reality check. The hype, the money, the celebrity tweets—they’re all pushing the market higher. The only question is whether Bitcoin can actually crack that record and hold it… or if gravity’s waiting just around the corner.

Bitcoin Flirts With Record High as Wild Predictions Fly image 0

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Pudgy Penguins NFT surpasses Bored Ape in one month: A quick overview of what the PENGU token is

PENGU is the official token of the Pudgy Penguins NFT series and will be launched on the Solana blockchain by the end of 2024. Pudgy Penguins is an NFT project featuring 8,888 unique penguin images, initially released on Ethereum, and has now become the second-largest NFT project by market capitalization. The launch of PENGU aims to expand the community, attract new users, and is planned for deployment on multiple blockchains. The total token supply is 88,888,888,888, allocated to the community, liquidity pools, project team, and others. Solana was chosen to reach a new audience and leverage its fast transactions and low-cost advantages. Summary generated by Mars AI This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.

MarsBit2025/12/13 18:24
Pudgy Penguins NFT surpasses Bored Ape in one month: A quick overview of what the PENGU token is

Glassnode: Bitcoin Weakly Fluctuates, Is Major Volatility Coming?

If signs of seller exhaustion begin to appear, a short-term move towards $95,000 and the short-term holder cost basis is still possible.

Chaincatcher2025/12/13 17:54
Glassnode: Bitcoin Weakly Fluctuates, Is Major Volatility Coming?

Should You Still Believe in Crypto

No industry has always been right from the beginning, until it truly changes the world.

Chaincatcher2025/12/13 17:54
Should You Still Believe in Crypto

Zeus unveils institutional-grade MPC infrastructure blueprint at Solana Breakpoint 2025, enabling Bitcoin to enter Solana’s on-chain capital markets

The focus will now shift to building MPC tools and providing support for developers, driving the creation of more native UTXO applications on Solana.

BlockBeats2025/12/13 17:13
Zeus unveils institutional-grade MPC infrastructure blueprint at Solana Breakpoint 2025, enabling Bitcoin to enter Solana’s on-chain capital markets
© 2025 Bitget