Bitcoin Magazine
Bitcoin Price Surges Near All-Time High, BTC Poised to Break $123,000
Bitcoin surged above $122,000 today, leaving it only about 1% away from setting a new all-time high, according to data from Bitcoin Magazine Pro. The current record of $123,180, set on July 14, 2025, could be broken at any moment given Bitcoin’s trademark volatility. With institutional adoption continuing to rise and demand for BTC accelerating, a new record may arrive sooner rather than later.
#Bitcoin is just 1% away from setting a new ATH
— Bitcoin Magazine Pro (@BitcoinMagPro) August 13, 2025
Adding to this momentum, whale accumulation has hit unprecedented levels. As of yesterday, the number of addresses holding over 100 BTC reached a new all-time high of 18,996, surpassing the previous peak of 18,544 from February 26, 2017. Bitcoin Magazine Pro’s chart shows a steady increase in these large holdings, driven in part by corporate treasuries aggressively adding BTC to their balance sheets. Michael Saylor’s firm Strategy has more than doubled its Bitcoin holdings since Donald Trump’s election victory, boosting its total treasury by 60%. This buying spree comes amid a friendlier regulatory climate under the Trump administration, which has rolled back certain Biden-era enforcement actions and introduced pro-crypto policies.
Macroeconomic conditions are also adding fuel to the bullish fire. US Treasury Secretary Scott Bessent said interest rates are “too constrictive” and should likely be 150-175 basis points lower. Speaking on Bloomberg Surveillance, he stated, “I think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September… we should probably be 150, 175 basis points lower.”
President Trump took it a step further today, calling for the Federal Reserve to cut rates by 3 or 4 points, which would bring them to around 1%. “I believe we should be three or four points lower. So that’s over a trillion dollars we pay—every year—in interest. And it’s truly just a paper calculation. You sign a document and you save almost a trillion dollars… But despite that, we’re powering through it and have the greatest economy we’ve ever had,” said Trump.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) August 13, 2025
President Trump said the Fed should lower interests rates by 3 or 4 points to 1% 
Meanwhile, Cathie Wood, CEO of ARK Invest, reaffirmed her ultra-bullish long-term outlook. Speaking to CoinDesk, she said, “I think that we can safely say that our bull case is well over a million, well over a million dollars in five years,” citing Bitcoin’s role as the “gateway into digital assets for institutions” and a “substitute for gold as a store of value.”
With institutional inflows, whale accumulation, and potential monetary easing converging, Bitcoin could be on the verge of a historic breakout to new all-time highs.
This post Bitcoin Price Surges Near All-Time High, BTC Poised to Break $123,000 first appeared on Bitcoin Magazine and is written by Nik.