Bitcoin surged above $122,000 in the present day, leaving it solely about 1% away from setting a brand new all-time excessive, in line with information from Bitcoin Journal Professional. The present document of $123,180, set on July 14, 2025, might be damaged at any second given bitcoin’s trademark volatility. With institutional adoption persevering with to rise and demand for BTC accelerating, a brand new document might arrive sooner moderately than later.
Including to this momentum, whale accumulation has hit unprecedented ranges. As of yesterday, the variety of addresses holding over 100 BTC reached a brand new all-time excessive of 18,996, surpassing the earlier peak of 18,544 from February 26, 2017. Bitcoin Journal Professional’s chart exhibits a gentle improve in these massive holdings, pushed partly by company treasuries aggressively including BTC to their stability sheets. Michael Saylor’s agency Technique has greater than doubled its Bitcoin holdings since Donald Trump’s election victory, boosting its complete treasury by 60%. This shopping for spree comes amid a friendlier regulatory local weather below the Trump administration, which has rolled again sure Biden-era enforcement actions and launched pro-crypto insurance policies.
Macroeconomic circumstances are additionally including gas to the bullish hearth. U.S. Treasury Secretary Scott Bessent stated rates of interest are “too constrictive” and will seemingly be 150-175 foundation factors decrease. Talking on Bloomberg Surveillance, he acknowledged, “I feel we might go right into a sequence of fee cuts right here, beginning with a 50 basis-point fee minimize in September… we must always in all probability be 150, 175 foundation factors decrease.”
President Trump took it a step additional in the present day, calling for the Federal Reserve to chop charges by 3 or 4 factors, which might deliver them to round 1%. “I consider we ought to be three or 4 factors decrease. In order that’s over a trillion {dollars} we pay — yearly — in curiosity. And it’s really only a paper calculation. You signal a doc and also you save nearly a trillion {dollars}… However regardless of that, we’re powering by it and have the best economic system we’ve ever had,” stated Trump.
In the meantime, Cathie Wooden, CEO of ARK Make investments, reaffirmed her ultra-bullish, long-term outlook. Chatting with CoinDesk, she stated, “I feel that we are able to safely say that our bull case is nicely over 1,000,000, nicely over 1,000,000 {dollars} in 5 years,” citing Bitcoin’s function because the “gateway into digital property for establishments” and a “substitute for gold as a retailer of worth.”
With institutional inflows, whale accumulation, and potential financial easing converging, bitcoin might be on the verge of a historic breakout to new all-time highs.