HomeNewsCategoriesAboutContact
Login
Subject matter
Miscellaneous
Community
Politics
Sports
Technology
Economy
Syria News
World News

Contact Us

00971544747918
hello@tesaaworld.com
Dubai, Emirates

Quick Links

  • Home
  • News
  • Categories
  • Tags
  • Terms of Service
  • Privacy Policy

Categories

  • Subject matter
  • Miscellaneous
  • Community
  • Politics
  • Sports

Site Stats

Total Views1,444,034
Total Posts59,792

2025TESAA PLATFORM•All Rights Reserved

Economy

Bitcoin Records a New All-Time High Near $123.7 Thousand.. and Ethereum Experiences Strong Momentum

August 14, 202527 ViewsRead Time: 2 minutes
Bitcoin Records a New All-Time High Near $123.7 Thousand.. and Ethereum Experiences Strong Momentum
Font Size
16

The cryptocurrency Bitcoin achieved a record high during trading on Wednesday, August 13, approaching the level of $123.7 thousand, recording its highest value in history at $123,570, with an increase of over 3% in the last 24 hours.


In a related context, the cryptocurrency Ethereum witnessed a strong upward wave, rising by about 6% during the same period, reaching $4,770, which is its highest level since 2021 when it recorded historical levels. This performance contributed to enhancing the positive momentum in the cryptocurrency market, pushing Bitcoin to surpass its previous levels.


Data from the "CNBC" network showed that inflows into Ethereum exchange-traded funds (ETFs) reached $1.5 billion this week, compared to $244 million for Bitcoin exchange-traded funds.


According to observers, Ethereum investment funds have seen a notable recovery after a period of stagnation during their first year of trading, as the currency maintained its stability above the $4,000 level this week. Positive regulatory developments have also contributed to enhancing institutional interest in stablecoins, which represent 40% of total blockchain fees, with more than half of them backed by the Ethereum blockchain.


Jeff Kendrick, the global head of digital asset research at Standard Chartered, revealed in a note released on Wednesday that treasury companies and exchange-traded funds purchased 3.8% of total Ethereum trades over the past two and a half months.


Kendrick also raised his price forecast for Ethereum by the end of the year from $4,000 to $7,500, expecting the upward momentum of the currency to continue in the upcoming period.


It is worth noting that the cryptocurrency market is experiencing strong movements amid investor optimism regarding ongoing technological and regulatory developments.

diana-barakat
Diana Barkat

Share News

Tags

# Top News# Economy# The world# Economic news

Latest News

View All
Subject matter
Kanan KhaddourKanan Khaddour

Syria and the Challenges of the New Generation in Reconstruction

In a preliminary statistic revealed by the Syrian Minister of Economy and Industry, Nidal Al-Shaar, it indicates that the unemployment rate has exceeded 60%, while there are 2.7 million young people outside the education and labor sectors.

Technology
Lubna NissaniLubna Nissani

Russian Students Develop Ultra-Lightweight Space Rocket

The Russian Baltic Technical University announced a joint project with a company in St. Petersburg for the development of an ultra-lightweight space rocket, with the aim of using it to launch small satellites.

Syria News
Lubna NissaniLubna Nissani

Al-Shaibani meets with the High Commissioner for Refugees of the United Nations

Al-Shaibani meets with the High Commissioner for Refugees of the United Nations

Syria News
Diana BarkatDiana Barkat

Restarting the oil pipeline between Homs and Hama after 14 years of stoppage

Homs Fuel Company announced today, Tuesday, June 17, the restarting of the oil derivatives transport line (6 inches) linking the warehouses of Homs and Hama, after a stoppage of 14 years, with a transport capacity of 2600 cubic meters per day.

Politics
Lubna NissaniLubna Nissani

Berri: Meeting with Tom Barrack was "good and constructive"

Following the meeting with the American envoy Tom Barrack, Lebanese Parliament Speaker Nabih Berri described it as "good and constructive".

Related News

View All
Economy
Lubna NissaniLubna Nissani

For an additional year .. Kuwait extends the two billion dollar deposit at the Central Bank of Egypt

Kuwait has extended a deposit worth two billion dollars at the Central Bank of Egypt for an additional year, after it was scheduled to mature in September 2024.

Economy
Kanan KhaddourKanan Khaddour

Syria Lifts Restrictions on Money Transfers Between Provinces: A Step to Facilitate the Economy or a Formal Procedure?

The Central Bank of Syria announced the cancellation of all restrictions imposed on the transfer of money between provinces, including the cancellation of the requirement for prior approvals. The decision came under the slogan "Facilitating Economic Movement," but it raises questions about its effectiveness in light of the ongoing structural crises facing the Syrian economy.

Economy
Diana BarkatDiana Barkat

Bitcoin Records a New All-Time High Near $123.7 Thousand.. and Ethereum Experiences Strong Momentum

The cryptocurrency Bitcoin achieved a record high during trading on Wednesday, August 13, approaching the level of $123.7 thousand, recording its highest value in history at $123,570, with an increase of over 3% in the last 24 hours.

Economy
Diana BarkatDiana Barkat

Oil Prices Rise as Markets Focus on Crucial US-Russian Talks

Oil prices saw a slight increase today, Thursday, August 14, as investors assessed the potential impacts of the US-Russian summit scheduled for tomorrow, Friday, regarding the Ukrainian crisis, which could affect Russian oil flows.