Bitcoin and Ether are poised to reach new all-time highs

Important points

• Bitcoin price volatility is back among Wall Street traders.

• Cryptoliquidations exceed $500 million within 24 hours.

• Ether’s price is only $150 short of a record-breaking high, as institutional demand surges.

BitcoinBTCAs institutional demand penalized late shorts, ), sought to reach new highs on Wednesday Wall Street.

The Bitcoin and altcoin market liquidates 500 million dollars

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD breached the $122,000 level before cooling.

As short positions on crypto markets were liquidated, the pair rose 1% in the morning.

Monitoring Resource Data CoinGlass Total 24-hour liquidations were over half-a-billion dollars as of the date this was written.

“$BTC went right through,” TheKingfisher is a trading commentator summarized Part of a response to X

Daan Crypto Trades is a well-known trader who believes that Bitcoin’s price will continue to fluctuate or either break into the next price discovery.

“BTC is still range-bound currently and will need to either break out into price discovery or continue to go sideways to build up more positions on both sides,” He told Followers of CoinGlass on Twitter. 

“No major liquidity cluster anywhere in close proximity right now to go off. Focus lies on alts for many market participants.”

Ether is expected to reach new highs.ETH), continued to build on the day, with ETH/USD reaching its highest levels since December 2021 — less than $150 away from uncharted territory.

Ether as well as Bitcoin are attracting increased institutional interest. BitMine is a blockchain-technology firm, reported Cointelegraph. announced a $20 billion fundraising round Institutional entities made up the majority of those who purchased ETH 75% of Coinbase trading volume On Tuesday

$126,000 “pivotal” Bitcoin: the future of Bitcoin

Rekt capital, a popular analyst and trader, said $120,000 is now the price support for BTC.

Related: BTC price to fill $117K CME gap? 5 things to know in Bitcoin this week

“Bitcoin has fully confirmed its breakout from the Bull Flag and turned the $120k level into new support. Bitcoin has entered trend continuation, with a chance at challenging new All Time Highs soon,” He wrote The day of the event

Rekt Capital announced that it would add $126,000 towards the total amount. “pivotal” Watch out for the price.

#BTC

The pivotal price level going forward will be $126,000$BTC #Crypto #Bitcoin https://t.co/roTsRRsc07

— Rekt Capital (@rektcapital) August 13, 2025

He said that $4,631 was the minimum support required for Ether to be able to go on a price-discovery journey.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.