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 🐋 (@Mrcryptoxwhale) August 11, 2025
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.
