#BTCBreaksATH Bitcoin recently surged past its previous all-time high, reaching $122,761 on Wednesday, and is now less than 1% away from its record price of $122,838 set on July 14, 2025. The cryptocurrency's market cap has also surged back toward record levels, hitting around $2.39 trillion.

Several factors are driving this rally:

Institutional Adoption: The launch of spot Bitcoin ETFs has attracted billions in inflows, cementing BTC's reputation as a legitimate asset class.

Regulatory Clarity: Growing regulatory clarity worldwide has increased investor confidence and participation.

Whale Accumulation: Large holders of Bitcoin, known as whales, have been accumulating more BTC, with the number of addresses holding over 100 BTC reaching an all-time high of 18,996.

Macroeconomic Conditions: Potential rate cuts by the Federal Reserve, with some predicting a 50 basis-point cut in September, could further fuel the rally.

Some notable predictions for Bitcoin's future price include :

$150,000: Analysts at Bernstein project Bitcoin could reach this price by late 2025, driven by institutional capital flowing through spot ETFs and the impact of the halving event.

$1 million: Cathie Wood, CEO of ARK Invest, believes Bitcoin's price could well exceed $1 million in five years, citing its role as a gateway into digital assets for institutions and a store of value.

Keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.