BTC breaks through $122,000, up 2.75% on the day
B.news
On August 11th, OKX data showed that BTC had just broken through $122,000, currently trading at $122,049.90 per coin, a 2.75% increase on the day. Bitcoin's market capitalization surpassed Amazon, rising to sixth place in the global asset market capitalization ranking.
Bitcoin's price broke through $120,000 for the first time ever on Monday, marking another milestone for the world's largest cryptocurrency. There are signs that intraday investor enthusiasm is being further ignited with the official launch of "Crypto Week," as previously announced by the US Congress.
On August 11, 2025, the cryptocurrency market reached a milestone: Bitcoin (BTC) price broke through $122,000 and stabilized above this key resistance level. This not only set a new all-time high for Bitcoin, but also pushed the total market capitalization of all crypto assets to a new high, attracting strong attention from global investors and financial institutions.
Analysis of possible factors driving this breakthrough:
1. Continued massive inflows into spot ETFs: Since the US SEC approved multiple Bitcoin spot ETFs in early 2024, the channel for traditional institutional capital to enter the market has been fully opened. If the breakthrough is confirmed, it indicates that the demand for Bitcoin allocation from Wall Street and major global asset managers has far exceeded expectations, and continued buying is the "core engine" driving up prices.
2. Strengthening expectations of global "easing": If major economies (especially the Federal Reserve) enter a clear interest rate cut cycle in 2025, it will significantly increase the appeal of inflation-protected assets. As "digital gold," Bitcoin's scarcity (total supply of 21 million) and decentralized nature highlight its value in an environment where the credibility of fiat currencies is questioned.
3. Strong technical breakthrough: The breakthrough of the important psychological barrier and technical resistance level of $120,000 may have triggered a large amount of programmatic buying and short stop-loss orders, creating a strong FOMO (fear of missing out) effect and attracting an accelerated influx of off-market funds.
Ecosystem Development and Deepening Adoption: The accelerated expansion of Bitcoin's Layer 2 solutions (such as the Lightning Network), the maturation of institutional custody services, and rumors of investment from large corporations and sovereign funds continue to enhance its utility and credibility as a store of value and potential payment network.
4. Geopolitical and Macroeconomic Uncertainty: If conflicts persist or economic volatility in some regions of the world intensifies, Bitcoin may further be viewed by some investors as a valuable safe-haven asset or hedging tool.
Bitcoin's climb above $122,000 is not just a numerical leap; it also symbolizes a significant leap in its status as an emerging asset class in the global financial system. This bull market, driven by strong institutional demand and a shifting macroeconomic environment, appears structurally more stable than previous cycles. However, the inherent high volatility of the cryptocurrency market remains unchanged. While embracing this historic opportunity, investors must remain rational, manage risks, and focus on long-term value rather than short-term enthusiasm.
