Here’s the latest on Bitcoin as of August 17, 2025:
Headlines at a glance
Bitcoin Soars to New Highs
On August 14, Bitcoin hit a fresh all-time high of $124,002.49, driven by expectations of Federal Reserve rate cuts, strong institutional investment, and favorable regulatory actions from the U.S. government—including an executive order allowing crypto investments in retirement accounts.
Earnings and inflows from ETFs continue to bolster momentum.
More Institutional Moves
Norway’s sovereign wealth fund — Norges Bank Investment Management — increased its Bitcoin-equivalent exposure by 83% in Q2, from 6,200 to 11,400 BTC.
Additionally, ETF inflows remain exceptionally strong, with spot Bitcoin and Ethereum ETFs hitting a combined record volume of $40 billion in the past week.
Bitcoin Nears $144K
Rapid institutional momentum and ETF inflows are now pushing Bitcoin close to the $144,000 mark.
Warning Signs Emerge
Despite the rally, Bitcoin has recently retraced below $117,000, signaling potential cooling. Meanwhile, investor interest in Ethereum and other altcoins is surging, with analysts suggesting a possible altcoin rally starting in September.
Bold Price Predictions and Shifting Sentiment
The CEO of Canary Capital, Steven McClurg, predicts Bitcoin could soar to $150,000 by year-end, pointing to ETF inflows and institutional demand as key drivers—but he remains bearish on Ethereum.
Summary Table
Trend / Event Details
Record Price Levels Bitcoin broke past $124K on August 14, nearing $144K thanks to institutional demand and ETFs.
Institutional Accumulation Norway’s sovereign wealth fund significantly boosted exposure; ETFs are seeing record volumes.
Market Volatility Warning Price pulled back below $117K; altcoin interest rising.
Forecasts Optimism persists with projections of reaching $150K; however, caution signs are mounting.
