14 Aug 2025, 04:51

Bitcoin Tops $124K in New Peak as Crypto Market Cap Hits ATH

Bitcoin prices reached a new peak of $124,130 in early trading in Asia on Thursday morning, according to CoinGecko. It traded even higher on exchanges with a premium, such as Coinbase and Bitstamp. The asset has gained 3.4% on the day, climbing from an intraday low of $119,000 and exceeding its July 14 peak of $123,300. BTC has added almost 8% over the past week, partly driven by easing global trade tariff tensions and US CPI (core inflation) remaining high, which increases the odds of a September rate cut. Bitcoin Flips Google The move pushed Bitcoin’s market capitalization to $2.46 trillion, which enabled the asset to flip Google (Alphabet) for the metric, becoming the world’s fifth-largest asset. $BTC is now the 5th largest asset in the world by market cap, surpassing Google. $BTC – 2.456T $GOOG – 2.450T pic.twitter.com/THBXQsiXBR — CoinGecko (@coingecko) August 14, 2025 Analyst ‘Rekt Capital’ said that the $126,000 level “will be the pivotal price point going forward,” as a convincing break will send the asset much higher. Venture capitalist Chris Burniske predicted an October top for Bitcoin, stating, “if I were to pick numbers, which we all know is a grade above guessing, I’d say BTC to 142,690.” He also made some bold predictions for Ether to reach $6,900 to $8,000 and for Solana to hit $420 this cycle. “The crazier prices get in August/September/October, the more conviction I’ll have in an October top. If we pull back hard soon and get more muted, then perhaps we can extend this bull [market] for longer.” “The record highs we’re seeing in Bitcoin and Ethereum are being fueled by an unprecedented wave of institutional capital,” said Rachael Lucas, crypto analyst at BTC Markets, who added: “Corporate treasuries are amplifying the supply squeeze. Public and private companies, along with sovereign entities, now control over 3.64 million BTC, worth roughly $447 billion, which is more than 17% of the total supply.” Ethereum Inches Close to ATH Ether also remains hot with a four-year high of $4,770 during the Thursday morning Asian session. This brought the asset to within 2.5% of its 2021 all-time high, and breaking it this week now seems inevitable. “Ethereum has reached its final major weekly resistance before new all-time highs,” said analyst ‘Rekt Capital’, who explained that the asset will need to turn $4,630 into new support to confirm the upside into price discovery. $ETH Ethereum has reached its final major Weekly resistance before new All Time Highs Ethereum will need to turn ~$4631 (black) into new support to confirm upside into Price Discovery The last time ETH was at these highs, price upside wicked beyond black for 3 weeks before… https://t.co/XkRUEmE5m4 pic.twitter.com/DweH51Q2jc — Rekt Capital (@rektcapital) August 13, 2025 Additionally, Bitcoin dominance has fallen below 60% which could signal the onset of altseason. The post Bitcoin Tops $124K in New Peak as Crypto Market Cap Hits ATH appeared first on CryptoPotato .

14 Aug 2025, 04:50

Trump-Linked Company Expands into Crypto Mining After $50M Raise

Thumzup Media Corporation has announced plans to dramatically expand its presence in the cryptocurrency sector following a $50 million funding round. The firm, which began as a social media marketing business, is now pivoting toward large-scale crypto mining and targeted blockchain investments. New Strategy and Investments The company revealed it will use part of the funding from its $10-per-share offering to develop “state-of-the-art cryptocurrency mining infrastructure.” It is currently engaging with mining technology providers to accelerate the buildout. Thumzup also confirmed it now holds 19.1 Bitcoin, having first entered the crypto market in early January. This move aligns with a trend among public companies seeking to bolster their share value through cryptocurrency holdings. Trump Family Connection A notable shareholder in Thumzup is Donald Trump Jr., who purchased 350,000 shares in July for nearly $3.3 million, according to regulatory filings. The purchase adds to the Trump family’s growing presence in the crypto space. Bitcoin Price Surge Thumzup’s expansion comes as Bitcoin hit an all-time high of $124,128 before slightly cooling to $123,683. Market optimism has traders eyeing a potential push above $125,000. Thumzup has also outlined plans to diversify its holdings to include Dogecoin, Litecoin, Solana, XRP, Ether, and USDC, with approval to hold up to $250 million in crypto. Stock Market Performance Shares in Thumzup rose 7.62% in after-hours trading on Wednesday to $10.87, recovering from earlier losses. The stock is up nearly 195% in 2025, with its latest all-time high of $15.46 recorded on August 8. However, it faced a sharp drop earlier in the week after announcing a preferred stock offering, which was later amended. Global Crypto Holdings Trend Other firms are also increasing their Bitcoin reserves despite the recent price surge. Sweden’s H100 Group recently bought 45.8 BTC, bringing its total to 809.1 BTC — the fourth-largest holding among European public companies. The move cements the ongoing trend of corporate Bitcoin accumulation, even at record-high prices.

14 Aug 2025, 04:50

AI agents will become Ethereum's ‘biggest power user’ — Coinbase devs

Ethereum’s future will be dominated by AI agents leveraging a dormant web standard, HTTP 402, and EIP 3009, to make real-world payments in crypto without human input, two Coinbase devs said.

14 Aug 2025, 04:48

XRP Price Eyes More Gains—Can Bulls Break Major Resistance?

XRP price is moving higher above the $3.250 zone. The price is showing positive signs and might aim for a move above the $3.350 resistance. XRP price is attempting to clear the $3.350 zone. The price is now trading above $3.250 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $3.350 zone. XRP Price Could Gain Bullish Momentum XRP price formed a base above the $3.150 level and started a fresh increase, like Bitcoin and Ethereum . The price gained pace for a move above the $3.20 and $3.25 resistance levels. The bulls pumped the price above the $3.280 resistance. Moreover, there was a break above a bearish trend line with resistance at $3.288 on the hourly chart of the XRP/USD pair. A high was formed at $3.350 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. The price is now trading above $3.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3.350 level. The first major resistance is near the $3.3650 level. A clear move above the $3.3650 resistance might send the price toward the $3.40 resistance. Any more gains might send the price toward the $3.450 resistance or even $3.480 in the near term. The next major hurdle for the bulls might be near the $3.50 zone. Another Pullback? If XRP fails to clear the $3.350 resistance zone, it could start a fresh decline. Initial support on the downside is near the $3.290 level. The next major support is near the $3.200 level or the 61.8% Fib retracement level of the upward move from the $3.10 swing low to the $3.350 high. If there is a downside break and a close below the $3.20 level, the price might continue to decline toward the $3.150 support. The next major support sits near the $3.080 zone, where the bulls might take a stand. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.20 and $3.150. Major Resistance Levels – $3.350 and $3.450.

14 Aug 2025, 04:42

XRP Breaks Key Resistance After Ripple-SEC Win — Is $8 Next?

XRP extended its bullish run in the 24-hour session from August 13 at 04:00 to August 14 at 03:00, climbing from $3.24 to $3.33 for a 3.10% gain. Price action carved out a $0.14 corridor between $3.20 and $3.34, reflecting 4.20% volatility amid pronounced institutional buying. The most aggressive move came at 13:00 when XRP pierced resistance at $3.27 on 217.4 million volume—nearly triple the 24-hour average—followed by sustained overnight accumulation with volumes above 117 million in consecutive hours. Support solidified in the $3.20-$3.22 zone, while profit-taking emerged at $3.34 into the session close. Price Action Summary XRP gained 3.10% over the period, moving from $3.24 to $3.33, with a high of $3.34 and a low of $3.20. Breakout through $3.27 resistance on 217.4 million volume at 13:00 signaled large-scale accumulation. Multiple overnight sessions posted volumes well above the baseline 81.7 million, reinforcing upward momentum. Fresh support established at $3.33 following intraday highs of $3.34; immediate upside targets seen at $3.35-$3.36. News Background Ripple and the SEC formally withdrew all appeals, concluding years of litigation and removing regulatory uncertainty. Analysts are drawing parallels to XRP’s 2017 breakout phase, with some projecting potential targets in the $6-$8 range on sustained momentum. Institutional flows are driving market structure shifts, with visible liquidity absorption at key resistance levels. Technical Analysis Price band: $3.20-$3.34, volatility: 4.20%. Key breakout level: $3.27 resistance cleared on extreme volume. Primary support: $3.20-$3.22 zone with strong volume validation. Overhead resistance: $3.34 with profit-taking pressure into close. Intraday micro-structure supports continuation toward $3.35-$3.36. What Traders Are Watching Whether $3.33 support holds to enable a push toward $3.40 in the short term. Sustained institutional volume above baseline levels as a sign of deeper accumulation. Broader market reaction to Ripple’s legal clarity, including potential spillover into altcoins with regulatory overhangs.

14 Aug 2025, 04:30

Ballooning Deficit Creates Bullish Backdrop for Gold, Bitcoin — Kobeissi

In July, U.S. tariff revenue soared over 300% to a record $29.6 billion, bringing the total raised since March to over $100 billion. Record Tariff Revenue vs. Widening Deficit In a stunning fiscal surge, U.S. tariff revenue skyrocketed by over 300% in July alone, reaching an unprecedented $29.6 billion in a single month. The record-breaking