Bitcoin climbed to a fresh all-time high of roughly $122,900 on Wednesday, overtaking its July peak, while Ether advanced to about $4,700, leaving the second-largest cryptocurrency just 3% shy of its November 2021 record. The rally pushed the total value of digital assets to an unprecedented $4.2 trillion, with Solana joining the gains by reclaiming the $200 level. The move caps a week in which Bitcoin has risen about 6 % and Ether nearly 30 %, reflecting a rotation toward higher-beta tokens. Solana, Uniswap and other large-capitalization altcoins added between 5 % and 10 % on the day as short sellers were forced to cover positions. Institutional demand is intensifying. U.S. spot Ether exchange-traded funds have absorbed more than $1 billion in net inflows this week and $1.7 billion since the start of August, outpacing comparable Bitcoin products. Corporate treasury companies now control around 6 million Ether—valued at roughly $17 billion—and announced capital-raising plans that could channel a further $27 billion into the token. A supportive macro backdrop is underpinning the bid for digital assets. U.S. equity benchmarks hover near record highs as investors grow more confident the Federal Reserve will cut interest rates, and Standard Chartered raised its year-end price forecast for Ether to $7,500. Market participants say that a decisive break above $4,878 for Ether or $123,100 for Bitcoin would place both assets back into price-discovery territory.