Bitcoin Price Hits Record $124,400 Amid Rate Cut Optimism, Ether and Altcoins Follow
Key Takeaways
- Bitcoin price hit a record $124,400 in August 2025, boosted by corporate buying and rate cut expectations. The bitcoin price record in August 2025 marked a significant milestone in the cryptocurrency world.
- Ether also surged, approaching a record high from 2021.
- U.S. rate cut optimism supports broader crypto market gains.
- Altcoins showed mixed performance: XRP and Solana fell, while Cardano advanced.
- Corporate adoption and Digital Asset Treasuries (DATs) remain a major driver for crypto prices.
Bitcoin Price Hits Record $124,400 Amid Rate Cut Optimism, Ether and Altcoins Follow
Bitcoin price surged to a historic high on Thursday, breaking $124,400 before retreating amid profit-taking. The bitcoin price record of August 2025 was driven by growing expectations for a September interest rate cut and rising corporate adoption.
Ether, the second-largest crypto, also climbed close to its 2021 record high before easing in line with Bitcoin’s pullback.
📈 Corporate Buying Boosts Bitcoin and Ether
The recent rally in Bitcoin price and Ether has been strongly influenced by corporate purchases. Companies are increasingly adopting a digital asset treasury (DAT) strategy, inspired by Michael Saylor’s MicroStrategy.
- Metaplanet Inc disclosed a $60 million Bitcoin purchase this week.
- MicroStrategy now holds a total of 628,946 Bitcoin.
- Ether also benefited from similar corporate acquisitions, lifting prices close to multi-year highs.
“Digital asset treasuries have been a top contributor to BTC and ETH’s strong price action,” said Stan Low, Operations and Research at Grvt. He noted that monitoring share volumes and prices is crucial, as surges in demand can drive rapid price gains but can also reverse.
Read More: Solana Price Surges 15% to Reclaim $200 as Altcoin Optimism Returns
💹 Rate Cut Hopes Support Crypto Markets
Milder U.S. inflation data has ramped up expectations for a September Fed rate cut, with markets pricing in nearly a 97% chance of a 25 basis point reduction.
Lower interest rates can boost speculative assets like cryptocurrencies by freeing liquidity, creating a favourable environment for Bitcoin price and altcoin gains, particularly boosting the bitcoin price record August 2025.
Altcoin Performance: Ether and Others
Thursday’s trading saw strong gains across the crypto market, although many altcoins retreated following the early surge:
| Cryptocurrency | High | Close | % Change |
|---|---|---|---|
| Bitcoin (BTC) | $124,457 | $118,250 | -2.6% |
| Ether (ETH) | $4,786.54 | $4,546.86 | -2.9% |
| XRP | $3.28 | $3.09 | -6.0% |
| Solana (SOL) | $203.4 | $193.6 | -4.7% |
| Cardano (ADA) | $2.14 | $2.23 | +4.3% |
Ether neared its 2021 record high of $4,868.8 before retreating. Cardano saw gains following Grayscale’s announcement to advance its listing plans for a spot Cardano ETF.
💬 Final Word
While Bitcoin price and Ether remain strong, profit-taking and market volatility can quickly shift the landscape. The importance of the bitcoin price record August 2025 cannot be understated in this volatile environment. Will corporate adoption keep driving crypto higher, or are we due for a correction? Share your views below or explore our latest crypto market insights.
Share
Hot topics
What Is GDP? A Complete Guide to Gross Domestic Product
GDP or Gross Domestic Product is one of the most powerful indicators used in global economics. It plays a central role in the decision-making processes of investors, central banks, governments,...
Read more
Submit comment
Your email address will not be published. Required fields are marked *