Bitcoin Prices Reach Fresh, All-Time High Above $124,000
Main Idea
Bitcoin prices reached a new all-time high above $124,000, driven by strong ETF inflows and institutional interest, while ether also neared a record high.
Key Points
1. Bitcoin prices surged to approximately $124,380 on August 11, 2025, according to Coinbase data from TradingView.
2. Ether, the second-largest cryptocurrency, also approached its previous record high from 2021.
3. Analyst Joe DiPasquale attributed Bitcoin's rally to strong ETF inflows and momentum trading, with sentiment remaining bullish due to its dual role as a growth asset and inflation hedge.
4. Tim Enneking, managing partner of Psalion, suggested that Bitcoin's market is undergoing a radical change, with increasing institutional interest and recognition as a store of value.
5. Ben Kurland, CEO of DYOR, noted the crypto market's maturation, moving from speculative retail-driven activity to more efficient price discovery driven by global liquidity.
Description
Bitcoin prices rallied on Wednesday, August 11, reaching a fresh, all-time high above $124,000. Ether prices also approached a new record.
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