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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 14, 2025 03:31 UTC
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Crypto Market Surge: Bitcoin’s New Peak Fuels Hopes for XRP, ETH, SOL Rallies
Bitcoin breaks $124K, gaining 8% weekly as total crypto market cap hits $4.19T; Ethereum, Solana, and Cardano see big jumps.
Altcoin Season Index at 43/100 shows Bitcoin still leading, but altcoins like ADA, DOGE, and XRP are rapidly catching up.
The crypto market has seen impressive gains in the past 24 hours, led by Bitcoin’s historic breakout above $124,000. The world’s largest cryptocurrency surged 3.55% in a day and over 8% in the past week, pushing the total market cap to $4.19 trillion. This rally comes with strong market sentiment, reflected in a Fear & Greed Index reading of 68, indicating greed.
Ethereum also posted a 3.09% daily rise, trading at $4,762 and boasting a massive 30% gain in the last seven days. XRP followed closely with a 3.46% uptick to $3.33, while Solana jumped 4.6% to $206.58, adding to its impressive 23% weekly climb. Dogecoin continued its strong momentum, rallying 7.63% in a day and 24.5% over the week.
Cardano stood out as one of the biggest altcoin winners, soaring 15.25% in 24 hours and over 32% in a week, now nearing the $1 mark. Other movers included Hyperliquid (HYPE), up 7% in a day and 26% over the week, and Stellar (XLM), which climbed 4.78% in 24 hours.
While the broader market remains in a bullish phase, the Altcoin Season Index stands at 43/100, meaning Bitcoin still dominates the rally, though altcoins are catching up fast.
Bitcoin Breaks Past $124K, ETH Follows
Bitcoin crossed $124,000 on Tuesday evening, breaking its previous July high of $123,369 and entering price discovery once again. The rally marks a bullish turn for the crypto market, with analysts expecting more gains in August.
Ethereum also surged past $4,700 before cooling slightly, while altcoins are beginning to pick up momentum as liquidity rotates out of Bitcoin. Historically, Bitcoin leads these runs before funds move into other cryptocurrencies.
Bitcoin has confirmed a breakout, turning $120,000 into a new support level. Market indicators, including the MACD, show bulls in control, with potential for fresh all-time highs soon. While a correction could arrive by early September, sentiment remains strong.
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FAQs
Bitcoin surged 3.55% to $124K+ due to bullish market sentiment (Fear & Greed Index: 68) and strong institutional demand, pushing crypto market cap to $4.19T.
Ondo Finance (ONDO) – the RWA token has surged 89% since BlackRock’s BUIDL fund began using its tech last week (source: Arkham on-chain data).
The Bitcoin ETF with highest recent inflows isn’t BlackRock – it’s Valkyrie’s BRRR with $847M this week, likely a single whale (source: Farside UK).
Yes 
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