Bitcoin has reached a new all-time high of over $119,000 on August 15, 2025, while Ethereum is poised to achieve its own record. This surge comes as the cryptocurrency market experiences increased investor confidence and speculative buying. Experts attribute this upward trend to the positive macroeconomic climate and institutional interest in crypto assets. The volatility of the markets has triggered heightened trading volumes across various exchanges. Crypto analyst Ted Pillows suggests that Ethereum’s near-term potential is strong, with a target price exceeding $8,000. He emphasizes that Ethereum’s growth isn’t a mere speculative bubble but reflects a step forward in its previous record prices.