BITCOIN PUMPS TO $124,000 AS THE CRYPTO BULL MARKET HEATS UP!

12 snips

Aug 14, 2025

Bitcoin skyrockets to $124,000, signaling an exciting bull market. Ethereum also hits a high of $4,700, highlighting a crypto surge. A major IPO sees a stunning 218% increase, reflecting growing interest in the sector. Google changes its stance on non-custodial wallets, while A16Z Crypto advocates for supportive regulations. Regulatory clarity is a hot topic, especially regarding DeFi and NFTs. Notably, BitGo launches Central Asia's first Bitcoin ETF, and Trump Jr. makes waves with investments in a crypto treasury firm.

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INSIGHT

Bitcoin In New Price Discovery

Bitcoin crossed $124,000 and entered price discovery after surpassing the prior $123,369 high.
Tony Edward says MACD on the daily is green and bulls are in control using $120,000 as support.

INSIGHT

Liquidity Rotation Favors Bitcoin First

Ethereum surged above $4,700 while liquidity rotated into Bitcoin, which may steal the show briefly.
Tony notes historically liquidity flows into Bitcoin first, then rotates to altcoins, signaling broader market strength.

INSIGHT

Dominance And Stablecoin Trends Validate Rally

Indicators show Bitcoin dominance breaking down while USDT dominance falls, validating broad market rally.
Tony sees total crypto (ex BTC/ETH/stables) rising and MACD fully green, suggesting altcoin strength to follow.

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