{"id":25975,"date":"2025-08-11T11:02:18","date_gmt":"2025-08-11T08:02:18","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-climbs-above-122000-as-ethereum-crosses-4300\/"},"modified":"2025-08-11T11:02:18","modified_gmt":"2025-08-11T08:02:18","slug":"bitcoin-climbs-above-122000-as-ethereum-crosses-4300","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-climbs-above-122000-as-ethereum-crosses-4300\/","title":{"rendered":"Bitcoin climbs above $122,000 as Ethereum crosses $4,300"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Deribit traders are betting on the \u201cdigital gold\u201d to reach $140,000.<\/li>\n<li>Analysts remain split over the four-year cycle.<\/li>\n<li>Willy Woo called bitcoin the \u201cperfect asset\u201d for the next millennium.<\/li>\n<\/ul>\n<\/div>\n<p>On August 11, bitcoin set a monthly high at $122,000. At the same time, Ethereum broke through $4,300, a level last seen in 2021.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXffmk6e8wdz1vZn-sraAVZZAnOanRLx_7N2xynV_lvKssdgfdJL1q2caoujlMdK4RBMCmPK972hwSEaiSbLCfEYQlOZP8vnQdEysX0POvfv4CDkD9s0QO2pZZD6foVfGDPcMGy3oA.webp\" alt=\"Bitcoin tops $122,000 as Ethereum reaches $4,300\" class=\"wp-image-263619\"\/><figcaption class=\"wp-element-caption\">Binance BTC\/USD, hourly. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSD\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>In June, bitcoin had already tested $122,000 before retreating to $112,000.<\/p>\n<p>According to CoinGecko, the total crypto market capitalisation rose 2.5% over the past 24 hours to $4.1 trillion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXelGsUPzwIMvRAS0YWPhhMlcc4Z3nFSSGScVTR5mfjWqxzm19l_sIzUcmdPXOj1ZbwRkXhI5Q4F9YJlUYKcCnMw6ZC7do0qMLI38k01jplAHGK_VvpUN9n5EBmexDXTzKMCdz2gnw.webp\" alt=\"Bitcoin tops $122,000 as Ethereum reaches $4,300\" class=\"wp-image-263621\"\/><figcaption class=\"wp-element-caption\">Top 10 cryptocurrencies by market cap. Source: <a href=\"https:\/\/www.coingecko.com\/ru\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>The rebound came without major liquidations. CoinGlass puts the 24\u2011hour tally at $352 million.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXcxf_9xndr9xsjChgL-6X4qay_ENus5tRfdiUGmTEdInN0BMg4x-d7BN2_zG_sVlTNlS_fc4WPJcHzD_lP_E52g7xwTdxJWt1nXO0lh2-rRlkwqE_KIdW-bgaSoCRIZIOHUTMjx.webp\" alt=\"Bitcoin tops $122,000 as Ethereum reaches $4,300\" class=\"wp-image-263618\"\/><figcaption class=\"wp-element-caption\">Crypto market liquidation map. Source: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The crypto Fear &#038; Greed Index rose to 70, indicating growing investor interest in digital assets.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXcWX6RvlX08oOWqwLuugGjhzVfFm71HEtkLowGJIcPxMhHMoGmnVMgLhfI4ePLmwTrMdm1s-Q_SvujyqoRghb6vmPzhomZx8NZlGcB2Lzp9y2NORN81Xw487UkTWc4uBDN8cLviLQ.webp\" alt=\"Bitcoin tops $122,000 as Ethereum reaches $4,300\" class=\"wp-image-263620\"\/><figcaption class=\"wp-element-caption\">Crypto Fear &#038; Greed Index. Source: <a href=\"http:\/\/alternative.me\">alternative.me<\/a>.<\/figcaption><\/figure>\n<p>Bitcoin is now testing key resistance at $122,056, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/11\/bitcoin-bulls-takes-another-shot-at-the-fibonacci-golden-ratio-above-usd122k-as-inflation-data-looms\">CoinDesk<\/a> reports.<\/p>\n<p>A sustained break above the \u201cgolden ratio\u201d could propel the price towards $140,000. That is the level most favoured by market participants \u2014 Deribit has <a href=\"https:\/\/www.deribit.com\/statistics\/BTC\/metrics\/futures\">has recorded<\/a> a record number of bullish bets with a $140,000 target. The combined notional value of these contracts exceeds $3 billion.<\/p>\n<h2 class=\"wp-block-heading\">Is the four-year cycle dead?<\/h2>\n<p>Investor Jason Williams argued that the cycle theory no longer applies because of the institutional capture of the crypto market. According to him, the 100 largest companies have already accumulated almost 1 million BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is why the Bitcoin 4 year cycle is over. <\/p>\n<p>Top 100 Bitcoin treasury companies hold almost 1 MILLION Bitcoin \ud83e\udd2f<br \/>BlackRock. Fidelity. Bit wise. Etc. <a href=\"https:\/\/t.co\/8kisGtx580\">pic.twitter.com\/8kisGtx580<\/a><\/p>\n<p>\u2014 Jason Ai. Williams (@GoingParabolic) <a href=\"https:\/\/twitter.com\/GoingParabolic\/status\/1954315085951782999?ref_src=twsrc%5Etfw\">August 9, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Pierre Rochard, CEO of The Bitcoin Bond Company, ETFs and corporate treasuries have created a new source of demand that does not depend on halvings.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe four-year cycles have probably ended. Halvings no longer affect trading volume: 95% of BTC has already been mined, supply is formed by buying coins from early holders, and demand comes from retail investors, <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> and treasury activity,\u201d \u2014 <a href=\"https:\/\/x.com\/BitcoinPierre\/status\/1954712471228555553\">wrote<\/a> he.\u00a0<\/p>\n<\/blockquote>\n<p>Martin Burgherr of Sygnum Bank told <a href=\"https:\/\/cointelegraph.com\/news\/crypto-experts-analysts-split-on-4-year-market-cycles\">Cointelegraph<\/a> that the cycle theory still holds. It remains a guidepost, but not the main market driver. Macro conditions, regulation and ETF dynamics have become more important.<\/p>\n<p>Analyst CRYPTOBIRB concurred. In his view, the advent of exchange-traded funds strengthened rather than abolished the four-year rhythm, aligning it with US presidential elections.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Saying 4-year cycle is gone is wrong IMO.<\/p>\n<p>ETFs strengthened crypto 4-year cycles.<\/p>\n<p>Just think about it:<\/p>\n<p>Tradfi is 4-year cycles (presidential).<\/p>\n<p>ETFs increase crypto-tradfi correlation.<\/p>\n<p>(see long term correlation coefficient trend).<\/p>\n<p>So merging crypto with tradfi through ETFs\u2026 <a href=\"https:\/\/t.co\/xDuyGO2BYZ\">pic.twitter.com\/xDuyGO2BYZ<\/a><\/p>\n<p>\u2014 CRYPTO\u20bfIRB (@crypto_birb) <a href=\"https:\/\/twitter.com\/crypto_birb\/status\/1954581689427952083?ref_src=twsrc%5Etfw\">August 10, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He stressed that the four-year cycles cannot be repealed, as they are encoded in Bitcoin\u2019s protocol.<\/p>\n<p>On July 25, CryptoQuant CEO Ki Young Ju <a href=\"https:\/\/u1f987.com\/en\/news\/cryptoquant-ceo-acknowledges-bitcoin-cycle-theorys-obsolescence\">said<\/a> that bitcoin\u2019s cycle theory no longer works. Matt Hougan of Bitwise later <a href=\"https:\/\/u1f987.com\/en\/news\/bitwise-cio-declares-bitcoin-cycles-obsolete\">confirmed<\/a> it.<\/p>\n<h2 class=\"wp-block-heading\">The \u201cperfect asset\u201d for the next millennium<\/h2>\n<p>Prominent investor Willy Woo <a href=\"https:\/\/www.youtube.com\/watch?v=jEPl9Mmth0U\">called<\/a> bitcoin a \u201cperfect asset\u201d thanks to its fixed supply and decentralised nature. In his view, the first cryptocurrency could dominate for the next 1,000 years, but it will need to attract substantial capital to do so.<\/p>\n<p>Bitcoin\u2019s current market capitalisation of $2.4 trillion lags far behind gold and the US dollar \u2014 $23 trillion and $21.9 trillion, respectively.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/AD_4nXfD-GSLXjw5fKmroqlYK5vscQjO95mgejlXvcVEj7uM_tApRBJo7zNpy5u2cHK98vG2K4-_nuwUhWv19H03gT7HBmjxl4icBi8Z-pi971mWicAqpZrOX5UIRtbq0mZYFs8qRRZB.webp\" alt=\"Bitcoin tops $122,000 as Ethereum reaches $4,300\" class=\"wp-image-263617\"\/><figcaption class=\"wp-element-caption\">Bitcoin market value over time. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Woo highlighted key obstacles to mass adoption. The chief problem, he said, is the concentration of coins in institutional hands. The opaque debt structures of companies accumulating cryptocurrency could lead to a crisis akin to the 2008 mortgage bubble.<\/p>\n<p>Since the start of the year, corporate treasuries and funds <a href=\"https:\/\/u1f987.com\/en\/news\/institutional-demand-for-bitcoin-surpasses-supply-threefold\">bought<\/a> 371,111 BTC, 3.75 times miners\u2019 output over the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deribit traders are betting on the \u201cdigital gold\u201d to reach $140,000. Analysts remain split over the four-year cycle. Willy Woo called bitcoin the \u201cperfect asset\u201d for the next millennium. On August 11, bitcoin set a monthly high at $122,000. At the same time, Ethereum broke through $4,300, a level last seen in 2021. Binance BTC\/USD, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1145],"class_list":["post-25975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25975"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25974"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}