Key Notes
- Bitcoin climbed above $122K, simply 0.84% beneath its all-time excessive.
- The day by day creation of addresses reached a brand new peak of 364,126.
- Historic cycle patterns level to a possible September pullback.
Bitcoin
BTC
$121 443
24h volatility:
2.0%
Market cap:
$2.41 T
Vol. 24h:
$49.05 B
surged previous $122,000 for the primary time in almost a month, coming inside 0.84% of its all-time excessive of $123,091.61, making it one of many best crypto to buy in 2025.
The rally coincided with a surge in community exercise, with day by day creation of 364,126 new Bitcoin addresses, the best in a 12 months, indicating large adoption as per analyst Ali Martinez.
364,126 new Bitcoin $BTC addresses created day by day, the best in a 12 months! pic.twitter.com/GJTzrT3Yo9
— Ali (@ali_charts) August 11, 2025
The Good Asset
Veteran investor Willy Woo described Bitcoin as an good monetary asset with the potential to final for the subsequent millennium, but acknowledged it stays removed from overtaking gold or the US greenback in market dominance.
📊 MARKET INSIGHT: Bitcoin $BTC is the ‘good asset’ for the subsequent 1,000 years, in line with Willy Woo. Woo emphasizes the necessity for elevated flows for Bitcoin to compete with the US greenback and gold.
— CryptoAlert (@SatoshiWatch) August 11, 2025
Bitcoin’s present market capitalization of $2.43 trillion remains to be below 11% of gold’s $23 trillion and follows the US greenback’s $21.9 trillion provide. Woo famous that for Bitcoin to attain world reserve standing, large capital inflows are required.
Key Cautions
Woo warned that with Company adoption by Bitcoin treasury holdings increasing, opaque debt buildings pose the specter of a treasury bubble.
Moreover, reliance on exchange-traded funds and custodial companies concentrates possession, doubtlessly exposing Bitcoin to authorities intervention. Whereas these on-ramps carry extra capital, in addition they carry systemic dangers if massive holders don’t undertake self-custody.
As reported earlier, even Harvard College held $117 million price of shares of BlackRock’s iShares Bitcoin ETF. Different Bitcoin backers embody Metaplanet and Technique, with firms like Mill Metropolis Ventures increasing support for altcoins like SUI.
BTC Mirrors NASDAQ
Market analysts noticed that Bitcoin’s value actions proceed to reflect conventional risk-on belongings, intently monitoring NASDAQ efficiency.
Bitcoin’s correlation with the Nasdaq helps clarify latest value motion.
When shares dropped sharply late final week, Bitcoin adopted. That’s what you count on when correlations are elevated.
Now that the Nasdaq is resuming its uptrend, Bitcoin is shifting with it once more. pic.twitter.com/aUl4mg6GhA
— ecoinometrics (@ecoinometrics) August 8, 2025
The correlation, mixed with upcoming macroeconomic information similar to Tuesday’s US Shopper Value Index report, may flip BTC risky.
Economists anticipate a modest rise in annual inflation to 2.8%, with softer information doubtlessly accelerating expectations for a Federal Reserve charge minimize in September.
Historic Cycle Evaluation
Bitcoin could also be following its post-halving 12 months playbook. In earlier cycles, costs rose by July and August, confronted a September pullback, then rallied towards a market cycle peak within the fourth quarter earlier than coming into a protracted bear market.
Bitcoin Historic Cycle Evaluation | Supply: Benjamin Cowen
Based on market analyst Benjamin Cowen, the current pattern seems constant, with Bitcoin’s upward momentum in latest weeks becoming into this historic cycle. Primarily based on historic patterns, BTC may rally in This fall after a slight pullback this month.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the business, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can be an creator of 4 self-published books.
