The last 24 hours have been rather monumental for the crypto market, especially Bitcoin and BNB. The two coins have managed to hit a new all-time high over the last 24 hours. This shows the growing confidence amongst investors across the crypto market.
Meanwhile Ethereum, which has been leading the altcoin rally, seems to have slowed down after edging above $4,700. But will the top altcoin by market cap replicate Bitcoin’s and BNB’s price action?
BTC Reaches All-Time High Above $124,000
Bitcoin (BTC) seemed to be losing the game against Ethereum (ETH). But in a ‘sprinty’ price movement, the pioneer crypto has edged higher to close the gap. Over the last 24 hours, BTC surged to $124,000, achieving a new all-time high.
JUST IN: $124,000 Bitcoin pic.twitter.com/FRNKirYrpX
— Watcher.Guru (@WatcherGuru) August 14, 2025
Additionally, Bitcoin briefly flipped Google’s market cap to become the 5th largest asset in the world, by market capitalization. However, this lead did not last long as BTC has now retraced sharply.
As of this writing, Bitcoin’s price sits at $121,538, marking only 1% surge over the last 24 hours. The market cap has also plunged to $2.41 trillion slightly below Google’s $2.448T market cap, per data by Company Market Cap. Nonetheless, BTC’s surge past a global giant like Google highlights its potential.
BNB Rallies Above $868 to Reach an All-Time High
Besides Bitcoin, BNB has also surged to a new all-time high. As per reports, the price of BNB has peaked at $868 achieving a new all-time high. The coin has also surpassed Nike by market capitalization showing a strong bullish move.
$BNB Hits a new All time high of $868.
Let’s freaking go! Super bullish 🚀 pic.twitter.com/kMUexG56mM
— cryptothedoggy (@cryptothedoggy) August 14, 2025
BNB Chain has attributed this rally to a new all-time high to various factors including network upgrade and institutional adoption. Following the hardfork upgrade, BNB Chain now delivers: 0.75s block times and 1.875s finality for near-instant transactions, 100M gas/s throughput to enable millions of interactions daily, 12M+ daily transactions (peak 17.6M) and $165B in DeFi swaps in 6 months, per a post by BNB Chain.
Additionally, institutions have been loading up BNB as they position for a price rally. BNB Chain noted that CEA Industries made a recent purchase of 160M BNB tokens, the largest US public holder. Nano Labs, on the other hand, is also planning to acquire $1B in BNB.
Will Ethereum be Next to Hit an All-Time High?
Ethereum has been on the spotlight following a rally to $4,700 in just a few days. However, with the rally now slowing down, investors beg to know whether the altcoin will reach a new all-time high. At the moment, daily chart on TradingView shows that ETH is trading at $4,697.
The current level is only 4.31% shy of its all-time high which sits at $4,891. This level was last achieved in November 2021. While this level is achievable in the near future, the Relative Strength Index (RSI) of ETH shows a momentum slowdown.
Ethereum’s RSI now sits in an overbought zone with a reading of 77.33. Such RSI reading suggests that investors must brace for a slight correction before another upward price movement. Continued US Ethereum spot ETF inflows could also push the altcoin towards a new ATH. Whether ETH hits a new all-time high will depend on its price action moving forward.
[…] This step aligns with a wider trend of corporations adding cryptocurrencies to their treasuries, although previous cases largely focused on Bitcoin or Ethereum. […]