Bitcoin Hits New ATH of $123,640, ETH Surges as BTC Cools

🚀 New Bitcoin ATH Drama

By Bitfinex
Aug 18, 2025, 4:21 PM
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Photo by Bitfinex

Bitcoin reached a new all-time high of $123,640 last week before pulling back on inflation data.​ The market is now seeing rotation into Ethereum and other altcoins as BTC consolidates and its market dominance declines.​ ETH is approaching its 2021 peak amid increasing interest in higher-beta crypto assets.​

Key points:

  • BTC hit ATH at $123,640
  • Currently in consolidation phase
  • ETH gaining momentum
  • Market rotating to higher-beta assets
  • BTC dominance declining
Sources

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"On‑chain metrics and order flow suggest a period of consolidation between $100k and $110k, rather than another vertical leg up." — Bitfinex Alpha x.com/CryptoEconomyE…

Crypto economy (EN)
Crypto economy (EN)
@CryptoEconomyEN

📉 Bitfinex warns BTC may consolidate 💥 @Bitfinex notes Bitcoin is stalling between $100K–$110K after a 50% rally, as spot volume and derivatives activity cool. crypto-economy.com/bitfinex-warns…

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