Home Crypto Market Roars To Record Highs

Crypto Market Roars To Record Highs

Share
The Coin Monitor
News
Share

Crypto Market Roars To Record Highs

Bitcoin (BTC) smashed through an all-time high of $124,457 on Wednesday, rallying in sync with U.S. equities as global investors piled deeper into risk assets. The move was fueled by moderating inflation, growing expectations of a September Federal Reserve rate cut, and unprecedented institutional participation through ETFs — a powerful trifecta driving momentum across digital assets.

BTC’s climb has been steady over the past year, aided by a crypto-friendly legislative environment in Washington under President Donald Trump. Persistent ETF inflows and aggressive corporate treasury accumulation have tightened supply, with public companies now holding $447 billion in Bitcoin.

Ethereum (ETH) is also surging, propelled by sustained demand from newly active treasury firms. Standard Chartered has lifted its 2025 price target for ETH to $7,500, noting that Ethereum ETFs now hold 3.8% of total supply — double Bitcoin’s recent pace. ETH is trading near $4,750, up 2.07% in 24 hours, while BTC hovers around $122,000, up 2.31%.

The broader crypto market cap has hit $4.18 trillion, powered by ETF inflows and corporate buys. On Aug. 13, Spot BTC ETFs recorded $86.9M in net inflows, while Spot ETH ETFs drew an outsized $729.1M.

Altcoins joined the rally:

  • Cardano (ADA) surged 17.92% to break above $0.94, boosted by ETF speculation after Grayscale registered a Cardano Trust, a major scalability upgrade worth $71M, and excitement around the Glacier Drop airdrop.
  •  HYPE rose 9% to $47.22 as Hyperliquid captured 35% of blockchain fee revenue, worth $97.7M in August.
  • $TRUMP gained 6% to $9.74 after Canary Capital registered the Trump Coin ETF in Delaware.
  • Chainlink’s native token jumped 40% in seven days amid rising on-chain activity.

In regulatory developments, the U.S. SEC has formally acknowledged Invesco Galaxy’s Spot Solana ETF application, moving it into review. Meanwhile, World Liberty Financial’s USD1 stablecoin hit a $2.2B market cap in under 90 days.

In a headline-making corporate move, SpaceX crossed the $1B mark in Bitcoin holdings as the world’s largest cryptocurrency reached fresh record highs.

Share
Written by
Manoj Dharra -

Manoj Dharra is a seasoned business journalist with over 20 years of experience in leading newsrooms, including Reuters, CNBC-TV18, and Zee Business. His expertise lies in financial markets and cryptocurrencies, where he has moderated more than 60 panel discussions with top voices from the corporate, regulatory, and blockchain ecosystems.

A proven newsroom leader, Manoj has successfully managed editorial teams and spearheaded new projects across broadcast and digital platforms. Manoj’s work blends sharp editorial judgment with a deep understanding of international finance, blockchain, and emerging Web3 innovations.

Leave a comment

Leave a Reply

Latest News

Bitget Seeks MiCAR Approval As Austria Reviews Application
News

Bitget Seeks MiCAR Approval As Austria Reviews Application

Bitget EU has applied for approval under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), moving closer to working under the EU’s...

OKX Integrates Chainlink Data Streams To Expand X Layer Ecosystem
News

OKX Integrates Chainlink Data Streams To Expand X Layer Ecosystem

Crypto exchange OKX has added Chainlink Data Streams to its X Layer mainnet. The goal is to make decentralized finance (DeFi) apps...

Strategy Says Bitcoin Reserves Can Cover Dividends For 32 Years As STRC Falls Below $90
News

Strategy Says Bitcoin Reserves Can Cover Dividends For 32 Years As STRC Falls Below $90

Strategy has defended its ability to keep paying dividends after its STRC preferred stock dropped below $90, the lowest since it launched....

Gaming Industry Urges US Congress To Exclude Prediction Markets In CLARITY Act
News

Gaming Industry Urges US Congress To Exclude Prediction Markets In CLARITY Act

Several U.S. gaming and labour groups are asking lawmakers to clearly leave out sports betting and casino-style event contracts from the Digital...

Latest Blogs

Anyone Can Launch A Memecoin In 2026, Here’s Exactly How

Memecoins are rapidly gaining popularity and have become highly attractive these days because of the ease of launching them, the scope of...

Safest Crypto Of 2026! Why Is RWA Tokenization Gaining Momentum?

Did you know the tokenized RWA market increased 34 times from early 2023, reaching $33.78 billion in May 2026? That’s quite big,...

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and rather amusing part of digital coins that thrive on community...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career in next generation internet, AI and Web3. The good news...

Related Articles

Anyone Can Launch A Memecoin In 2026, Here’s Exactly How

Memecoins are rapidly gaining popularity and have become highly attractive these days...

Safest Crypto Of 2026! Why Is RWA Tokenization Gaining Momentum?

Did you know the tokenized RWA market increased 34 times from early...

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career...