Bitcoin jumps over 3%, reaching $122,000, near its July high

Bitcoin climbs to within striking distance of its all-time high as institutional demand from treasury buyers heats up. Ethereum tops $4,300 with whale activity fueling momentum, backed by macro policy shifts including potential rate cuts and budget concerns.

By Ahmed Azzam | @3zzamous | 11 August 2025

Crypto Hub
  • Bitcoin jumps over 3%, reaching $122,000, near its July high.

  • Ethereum rebounds past $4,300, with large whale purchases signaling bullish sentiment.

  • Institutional actors and treasury companies now hold $113B in Bitcoin and $13B in Ethereum.

Bitcoin inches toward record highs on institutional zeal

Bitcoin surged as much as 3.2%, pushing above $122,000, closing in on its July all-time high of $123,205. Analysts say this rally is propelled by increasing interest from both institutional and corporate treasury buyers who now collectively hold about $113 billion in Bitcoin. Ethereum also enjoyed a weekend rally, briefly crossing above $4,300—its highest level since December 2021. ([coingecko.com], [strategicethreserve.xyz], [blockchain.news])

Treasury firms pile into crypto amid policy tailwinds

Listed corporate entities that pursue a “digital-asset treasury strategy” have amassed roughly $113 billion in Bitcoin and $13 billion in Ethereum according to trusted data sources. Their accumulation coincides with growing appetite for borderless, inflation-resistant assets. “[With gold facing supply bottlenecks and policy risk], Bitcoin’s role as a borderless, tariff-free store of value is gaining traction,” observed a crypto analyst.

Ether’s rally mirrors bullish sentiment in options markets

Ethereum’s rally above $4,300 is supported by strong whale accumulation. Ether options markets reflect this confidence, with a put-call ratio of just 0.40 and a concentration of December 26 bullish calls at $6,000. These setups hint at investor bets on longer-term gains.

Ether

Fed dovish signals add fuel to the rally

Federal Reserve Governor Michelle Bowman reinforced calls for multiple rate cuts after seeing signs of economic fragility. Simultaneously, President Trump’s nomination of Stephen Miran—known for dovish views—to the Fed Board signals a potential policy shift toward softer monetary conditions. ([turn0news14], [turn0news50], [turn0news19])

US deficit concerns spotlight treasury risks

America’s national debt has crossed the $37 trillion threshold, following President Trump’s July 4 signing of the “Beautiful Act” to raise the debt ceiling. Since then, debt has swelled by $780 billion—an average of $22 billion per day. Last week alone, the Treasury sold $724 billion in bonds across ten auctions, underscoring the severity of the debt challenge.