Announcements Gate Research: BTC Hits New High Above $124K | Tom Lee to Raise $20B for More ETH

Gate Research: BTC Hits New High Above $124K | Tom Lee to Raise $20B for More ETH

2025-08-14 08:06:28 UTC 77967 Read

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* Market Commentary: This week, BTC rose 3.61%, hitting a new all-time high above $124,400; ETH surged 12.02% to $4,780, now less than 3% from its ATH. Major altcoins posted broad gains, with LDO, PENDLE, and ADA rising 60.34%, 40.06%, and 33.33% respectively over the past 7 days. On the macro front, expectations for a Fed rate cut in September have strengthened, with the U.S. Treasury Secretary supporting an aggressive 50-basis-point cut, fueling a global market rebound.
* This Week’s Focus: BitMine Immersion plans to raise $20 billion to increase ETH holdings, signaling institutional confidence in Ethereum’s long-term value. Grayscale has registered Cardano and Hedera trusts in Delaware, potentially paving the way for the first altcoin ETFs. Chainlink partnered with ICE to bring global forex and precious metals data on-chain, strengthening the data foundation for DeFi and derivatives applications.
* Key Data Highlights: The total crypto market cap hit a record $4.21 trillion, with BTC’s market value surpassing Alphabet to rank 5th globally. Ethereum’s search interest climbed to its highest since 2021, with daily transactions reaching 1.87 million at peak. Base’s daily DEX trading volume exceeded $2 billion, with Aerodrome and Uniswap together accounting for over 70% of trades.
* Market Opportunities: Watch sectors such as oracles, chain abstraction, and cross-chain communication protocols, which gained 39.3%, 38.3%, and 38.1% respectively over the past 7 days. Leading and niche projects posted significant gains, with market sentiment continuing to recover.
* Next Week’s Watchlist: FTN, ZRO, and CONX will unlock tokens worth approximately $91.5M, $59.9M, and $58M respectively in the next 7 days, representing 2.08%, 8.53%, and 3.10% of circulating supply, potentially causing short-term price volatility in these tokens.

Discover more details today → <a href="https://www.gate.com/learn/articles/gate-research-btc-hits-new-high-above-124k-tom-lee-to-raise-20b-for-more-eth/11211" target="_blank">Gate Research: BTC Hits New High Above $124K | Tom Lee to Raise $20B for More ETH</a>

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August 14, 2025
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Gate Research: BTC Hits New High Above $124K | Tom Lee to Raise $20B for More ETH

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