Bitcoin at its highest, between political support and favorable monetary context

By happy coincidence, the crypto-asset trading platform Bullish had scheduled its IPO on the New York Stock Exchange for Thursday, August 14. A few hours earlier, Bitcoin had reached a record high of $124,457 (€106,500). As a result, Bullish's share price jumped 86% above its initial trading price, valuing the company at nearly $10 billion. Another big winner in the crypto market, which continues to be favored by the Trump administration, which has made it one of its signature financial projects.

Up more than 30% since the beginning of the year, the total value of bitcoins in circulation peaked on August 14 at more than $2.45 trillion, surpassing the market capitalization of Alphabet Group, Google's parent company.

But the current "bull run," the price increase that began in the fall of 2024, is not a long, quiet river: a few hours after its last record, the price of bitcoin fell back below $120,000, in response to disappointing US wholesale price figures and a statement by Treasury Secretary Scott Bessent, specifying that the federal government had no intention of buying bitcoins to fund the "strategic reserve" that Donald Trump announced the creation of in March. This envelope is currently only funded by crypto seizures made by the US justice system.

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