Bitcoin USD Hits New All-Time High at $124K: Is There Potential for BTC Price to Reach $130K This Week?
The trading market is experiencing a surge, driven by the strong BTC USD value, which surged past $123,000 yesterday, achieving new all-time highs exceeding $124,700. While the momentum has slightly weakened since the upward price breakout, the overall trend persists, with each dip presenting a chance for enthusiastic bulls aiming for $130,000 this week and $150,000 by the conclusion of Q3 2025.
BTC Achieves New All-Time Highs Close to $125,000
According to the daily chart, the 
Bitcoin ▲1.30% price has risen over 60% after falling to $74,000 in April 2025. Currently, buyers are firmly in control, and a close above $125,000 this week will set the stage for $130,000.
For a robust continuation, a clean close above $125,000 is essential alongside the fluctuations of July 2025. Should this breakout occur with increased trading volume, the likelihood of the BTC price soaring to $130,000 within the next 48 hours will be significantly high.
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Bitcoin USD Surge: What’s Fueling the Increase?
The BTC surge witnessed over the past three months has solidified its status as a premier asset, attracting institutional interest and drawing remarks from politicians and regulatory bodies.
Pro-Crypto Initiatives
An increasing number of policymakers in both the United States and Europe have been keeping a close watch on crypto, particularly Bitcoin, credited to its remarkable performance in the eight months following Donald Trump’s re-election.
During Trump’s tenure, Gary Gensler stepped down in January, and Paul Watkins took over. Under his guidance, the U.S. SEC has shown unwavering base level for some of the top cryptos to invest in, Bitcoin included. The regulator has since withdrawn lawsuits against Ripple, Binance, and Coinbase.
Three significant proposals, namely CLARITY, GENIUS, and Anti-CBDC Acts, are currently under discussion. The GENIUS Act has already been enacted into law. The CLARITY Act, classifying BTC as a commodity regulated by the CFTC, is expected to be implemented soon. Meanwhile, the Anti-CBDC Act, which prohibits the establishment of a CBDC in the U.S., further boosts Bitcoin’s appeal as a decentralized alternative.
Additionally, Trump has ratified an executive order for the creation of a United States Strategic Bitcoin Reserve.
Under the proposed BTC Act, the U.S. is set to purchase one million Bitcoin over five years, underscoring Bitcoin’s significance as a national strategic asset.
States such as Arizona and New Hampshire have initiated their own reserves.
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Public Companies Accumulating BTC
Public companies are intensifying their investment in digital gold, integrating it into their treasury assets.
As they procure more BTC from the secondary market, the asset’s scarcity increases, leading to a reduction in its token supply. Consequently, this upward pressure propels prices higher, boosting market demand for some of the top meme coin ICOs as well.
According to Bitcoin Treasuries, the leading 100 public companies collectively own over 800,000 BTC.
(Source: BTC Treasuries)
Leading the pack is Strategy, which possesses 628,946 BTC as of August 14. Other significant holders include MARA Holdings and XXI, which command over 93,000 BTC.
Companies like Tesla, Block, and GameStop are also incorporating Bitcoin into their financial statements, creating scarcity and further elevating the Bitcoin USD price.
Institutional Market demand
In addition to public companies accumulating Bitcoin, there has been a substantial influx from institutional investors.
Recent figures from SosoValue reveal that on August 13 institutions purchased $86.91 million of spot BTC ETFs, bringing their total holdings to over $158 billion.
(Source: Soso Value)
Institutions that own shares of various spot Bitcoin ETFs, such as those offered by BlackRock and Fidelity, now control more than 6.4% of all Bitcoin circulating in the crypto market.
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Macroeconomic Support
Bitcoin is increasingly recognized as a safeguard against inflation. In the U.S., inflation rates are on the rise, yet the Federal Reserve is expected to implement rate cuts in September.
Treasury Secretary Scott Bessent forecasts a series of rate reductions, commencing with a 50 basis point cut in September. Goldman Sachs anticipates a 75 basis point cut by year-end.
Nonetheless, according to the CME FedWatch, there is a 98% likelihood that the Federal Reserve will maintain rates steady around the 4.25-4.50% range.
(Source: CME FedWatch)
Regardless of the specifics, any rate reduction enhances the attraction of Bitcoin and other secure assets.
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BTC USD Achieves New ATH, Will Bitcoin Price Hit $130K This Week?
- Bitcoin USD surpasses $123,000, establishing fresh all-time highs
- Could the BTC price soar to $130,000 this week?
- BTC is climbing due to favorable crypto policies, high institutional buyer interest, and accumulation by public companies
- Is the Federal Reserve likely to cut rates in September?
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