Bitcoin extended its recent rally on Aug. 7, 2025, climbing past $117,000 after having reclaimed $115,000 the previous day and crossing $116,500 earlier in the session. The latest advance reinforced bullish momentum that has carried the largest cryptocurrency steadily higher over the past 24 hours. Ether, the second-largest digital asset, tracked the move, pushing through $3,800 and later touching $3,900. Market participants are now watching to see whether the token can clear the psychologically important $4,000 level. The twin gains in Bitcoin and Ether underline a broader resurgence across major cryptocurrencies, with traders citing renewed risk appetite and technical breakouts as drivers of the upturn.