Bitcoin surged above $122,000 at this time, leaving it solely about 1% away from setting a brand new all-time excessive, in keeping with information from Bitcoin Magazine Pro. The present file of $123,180, set on July 14, 2025, could possibly be damaged at any second given bitcoin’s trademark volatility. With institutional adoption persevering with to rise and demand for BTC accelerating, a brand new file might arrive sooner slightly than later.
Including to this momentum, whale accumulation has hit unprecedented ranges. As of yesterday, the variety of addresses holding over 100 BTC reached a brand new all-time excessive of 18,996, surpassing the earlier peak of 18,544 from February 26, 2017. Bitcoin Journal Professional’s chart reveals a gradual enhance in these massive holdings, pushed partly by company treasuries aggressively including BTC to their stability sheets. Michael Saylor’s agency Technique has greater than doubled its Bitcoin holdings since Donald Trump’s election victory, boosting its complete treasury by 60%. This shopping for spree comes amid a friendlier regulatory local weather beneath the Trump administration, which has rolled again sure Biden-era enforcement actions and launched pro-crypto insurance policies.
Macroeconomic circumstances are additionally including gasoline to the bullish fireplace. U.S. Treasury Secretary Scott Bessent said rates of interest are “too constrictive” and may possible be 150-175 foundation factors decrease. Talking on Bloomberg Surveillance, he said, “I believe we might go right into a sequence of price cuts right here, beginning with a 50 basis-point price reduce in September… we should always in all probability be 150, 175 foundation factors decrease.”
President Trump took it a step additional at this time, calling for the Federal Reserve to chop charges by 3 or 4 factors, which might deliver them to round 1%. “I imagine we ought to be three or 4 factors decrease. In order that’s over a trillion {dollars} we pay — yearly — in curiosity. And it’s really only a paper calculation. You signal a doc and also you save virtually a trillion {dollars}… However regardless of that, we’re powering via it and have the best financial system we’ve ever had,” stated Trump.
In the meantime, Cathie Wooden, CEO of ARK Make investments, reaffirmed her ultra-bullish, long-term outlook. Chatting with CoinDesk, she said, “I believe that we are able to safely say that our bull case is properly over 1,000,000, properly over 1,000,000 {dollars} in 5 years,” citing Bitcoin’s position because the “gateway into digital property for establishments” and a “substitute for gold as a retailer of worth.”
With institutional inflows, whale accumulation, and potential financial easing converging, bitcoin could possibly be on the verge of a historic breakout to new all-time highs.
