The Spectacular Rebound of BTC and Cryptocurrencies
On August 14, Bitcoin (BTC) crossed the significant threshold of $124,000, while Ethereum surpassed $4,700. This price surge also benefited other high-performing cryptocurrencies such as Solana, Binance Coin and Ripple.
This rise comes amid renewed risk appetite among investors. The cryptocurrency fear and greed index has moved into the “greed” zone, reaching level 63. This momentum is fueled by expectations of monetary easing from the Federal Reserve in September, following the latest inflation figures.
Robust Institutional Demand
Meanwhile, institutional demand for BTC and major altcoins remains strong. Exchange-traded funds (ETFs) linked to Ethereum have notably recorded record inflows, exceeding $1.7 billion this week. Treasury and asset management companies continue to accumulate crypto assets as well.
Although the bullish trend may continue, some analysts point to potential risks. In particular, BTC’s technical pattern suggests a retracement after short liquidations north of $130-134,000, which could trigger profit-taking. Additionally, macroeconomic concerns could dampen market momentum.

The STH Indicator points to an upcoming resistance between $127,500 and $128,500 for BTC. It will be crucial to monitor price action in this zone.
Overall, the spectacular rebound of Bitcoin and major cryptocurrencies reflects renewed optimism among investors. However, it will be essential to remain attentive to technical and macroeconomic developments in the coming weeks to anticipate the market’s next movements.