"Crypto Market Recap: Bitcoin Hits $124K, Ethereum Leads With Whale Accumulation"
What Made Headlines Yesterday
Market Moves & Broader Trends
Bitcoin surged past $124,000 during early Asian trading on August 14—driven by positive U.S. sentiment and supportive policy shifts under President Trump.
Ethereum gained ~41% over the past month, significantly outperforming the broader crypto market, which rose ~9%. Bitcoin hovered at around $119,000.
Binance-Specific Updates & In-Platform Activity
Binance’s official “Market Update” for August 13 reported:
Global crypto market cap rose 4.48% to $4.11 trillion over the previous 24 hours.
Bitcoin (BTC) traded between $118,207 and $120,324, and was at $119,871, up 0.99%.
Altcoins like SKL (+46%), THE (+23%), and BOME (+20%) showed strong performance.
On August 14, Binance also flagged a wave of whale accumulation of ETH:
Large wallets (holding 1,000–10,000 ETH) accumulated over $2.5 billion in a single day.
Ethereum was trading around $4,713, with a modest 0.68% gain and $62.6 billion in 24-hour volume.
Meanwhile, Binance’s market data update on August 14 (reported ~21 hours ago) showed the global crypto market cap at $4.14 trillion, up 0.92% over the previous day.
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Summary of Binance-Related Coverage
Source Highlight
Reuters / The Times / Economic Times Bitcoin’s all-time highs and Ethereum’s monthly outperformance.
Binance Market Updates Daily summaries of trading ranges, market cap changes, altcoin standouts.
Binance Whale Insights Large-scale ETH accumulation noted, hinting at institutional positioning.
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Takeaway
Yesterday’s market momentum and Binance activity paint a bullish picture:
Bitcoin hit fresh record levels, buoyed by optimism around regulation and U.S. macro factors.
Ethereum is leading in gains, with sizable whale interest reinforcing bullish sentiment.
Binance’s platform data underscores heightened liquidity and strong altcoin performance.
