Bitcoin and Ethereum Surge Amid Regulatory Shifts and Institutional Interest, Suggesting a Potential Market Transformation

Key Points

1. Bitcoin reached $122,400, signaling a potential new all-time high, while Ethereum soared past $4,300, its highest level since December 2021.

2. Harvard disclosed a $116.7 million investment in Bitcoin, reflecting growing institutional interest in cryptocurrencies.

3. The White House released a Digital Assets report outlining a policy framework for integrating crypto into U.S. markets.

4. MicroStrategy purchased 155 Bitcoins between August 4-10 at an average price of $116,401, totaling $18 million.

5. The crypto market capitalization surged to $4.1 trillion amid increased institutional demand and positive market sentiment.