BTC Price Surges As Bitcoin Nears All-Time High – Crypto Market Awaits Big Week Ahead
There is only one thing happening everywhere in the crypto market these days—BTC price rising rapidly and Bitcoin reaching close to its all-time high. It has become an emotional rollercoaster ride for investors, traders, and crypto lovers. New predictions every day, new updates every day, and this time the whole market seems ready for a big bang. Bitcoin’s current rally is not just exciting retail investors, but big institutions and treasury companies are also joining the race.
In August itself, the BTC price jumped by about 10%, and now when the price has reached above $121,000, people’s eyes are fixed on the all-time high of $123,000. This rally is not just the result of market momentum, but also the stars of Wall Street, policy shifts of the Federal Reserve, and Donald Trump’s White House strategies have a big hand behind it.
Impact of Political & Economic Factors—Close to Bitcoin All-Time High
A lot is going to happen this week that can shake the BTC price and the overall crypto market. The biggest thing is that U.S. President Donald Trump has made a big Bitcoin and crypto-related announcement of $12.2 trillion. U.S. inflation data is also due, which, if positive, will almost confirm the chances of the Federal Reserve cutting interest rates in September.
David Bailey, who advises Trump on Bitcoin and leads a Bitcoin treasury company called Nakamoto, wrote on X (Twitter), “It’s going to be a big week.” And it really seems right, because Nakamoto is also going to buy hundreds of millions of dollars worth of bitcoin this week, just like Michael Saylor’s strategy company. The strategy so far holds about 3% of the total bitcoin supply, whose current value is around $76 billion.
Key Market Moves Supporting BTC Price
This week fresh CPI (Consumer Price Index) data will also be released, which, if it shows a soft reading, will give more than a 90% probability of an interest rate cut in September. Interest rate cuts mean more liquidity and support for risk assets like Bitcoin, crypto, and tech stocks.
Trump recently appointed Stephen Miran as Fed governor, who is known for his bitcoin-friendly stance. This appointment could bring a dovish approach to the Fed’s interest rate decisions. Along with this, the SEC’s new initiative “Project Crypto” has also been launched, which analysts have called “the boldest and most transformative crypto vision.”
Institutional adoption is also accelerating, fund inflows into ETFs are increasing, and corporate treasuries are aggressively accumulating bitcoin. All of this is a long-term bullish signal for BTC price.
Bitcoin Near All-Time High—Increase in Institutional Demand
Bitcoin is now very close to its July record high of $123,205. In the recent rally, the price touched $122,000, while Ether also moved above $4,300, which is the highest level since December 2021.
According to crypto analyst Rachael Lucas of BTC Markets, “Bitcoin’s steady institutional inflow is supported by corporate treasuries, US spot ETFs, and a larger sentiment shift following gold tariffs.” Amid new tariffs on gold and supply bottlenecks, Bitcoin is being viewed as a borderless, tariff-free store of value.
Trump’s son Eric Trump has also supported the Ether rally. According to Bloomberg reports, Trump family-backed World Liberty Financial is discussing a plan to create a public company to hold its WLFI tokens. The Ether options market is also bullish, with most call options targeting $6,000.
BTC Price Outlook – Next Milestone and Support Levels
According to Sean McNulty of FalconX, traders are taking heavy positions on September and December calls for Bitcoin and Ether, which aligns with macro rate-cut timing and traditional finance adoption.
Bitcoin’s next major target is to break its old all-time high of $123,205, while support is seen around $116,000 if momentum wanes.
There is more excitement than fear in the market right now, and every investor is wondering whether Bitcoin will break its record and write a new chapter this time. With institutional buying, political backing, and macroeconomic support, the future of BTC price looks quite promising. But just like there is risk in every investment, careful planning is necessary here too.
Disclaimer:
This article is for educational and informational purposes only. Crypto market is volatile and prices can change at any time. Consult your financial advisor before taking any investment decision.
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