Amid positive macroeconomic conditions, Bitcoin and Ethereum have shown significant price growth. Bitcoin reached a new record, while Ethereum approaches its historical maximum.
Sharp Price Surge for Bitcoin and Ethereum
On the night of August 14, 2025, Bitcoin surged past the $124,000 level, establishing a new all-time high. While at the time of writing, the price slightly pulled back to $121.5K, it still reflects a 5.6% weekly gain. Ethereum similarly showed strong performance, reaching $4,786, close to its peak of $4,868 set in 2021.
Low Liquidations and Market Sentiments
Despite the price increase, liquidation volumes remained low at around $450 million, primarily from short positions on Bitcoin and Ethereum. The Fear and Greed Index rose by eight points in 24 hours, indicating traders are more inclined to accumulate positions.
Macroeconomic Factors Influencing Growth
A report shared with CoinDesk by 10x Research attributed the rally to positive macroeconomic factors, including speculation about Federal Reserve easing, U.S. regulatory developments, and capital inflows into Bitcoin and Ethereum derivatives via ETFs and treasury holdings.
Recent changes in the cryptocurrency market highlight the influence of macroeconomic factors and the growing trust of investors in Bitcoin and Ethereum, despite observed corrections.
