Crypto Market RoundUp Aug 14: Bitcoin Climbs to $123K, up by 3.5%

Latest Crypto News: Michael Saylor Hold $77B and SpaceX $1B in Bitcoin

The global cryptocurrency market cap stands at $4.26 trillion, up 3.0% in 24 hours, with total trading volume (TV) at $229.94B. Bitcoin dominates at 57.7% and Ethereum at 13.4%, while Polkadot and XRP Ledger ecosystems lead current sector gains.

Major Crypto Events Today

Source: Forex Factory

24-Hour Crypto Update

Bitcoin is now trading at $123,421, up 3.5% in the past 24 hours, with a market cap of $2.45 trillion and a trading volume (TV) of $66.26 billion. BTC reached its 24-hour high earlier today, strengthening its position as the 57.7% dominant cryptocurrency.

The most trending coins are SKALE (SKL), up 18.2% to $0.03223 (Volume: $186.24M), LUKSO (LYX), up 4.7% to $1.26, trading at $38.59M, and Notcoin (NOT), down 0.5% to $0.00213, trading at $211.76M. These coins have drawn notable attention despite mixed performance.

The Biggest gainers in the last 24 hours, OKB surged 130.6% to $107.15, with trading volume $3.89B, OKT Chain (OKT) rose 105.7% to $10.10, trades at $322K, and U jumped 68.7% to $0.0466 with $474K trading volume, marking strong bullish momentum in select altcoins.

The biggest losers in the past 24 hours are Yala (YALA), down 18.8% to $0.2391 (TV: $24.17M), NodeAI (GPU), falling 12.6% to $0.4102 (TV: $828K), and TDCCP, down 12.4% to $0.123 (TV: $399K).

The Decentralised Finance (DeFi) market cap stands at $178.18 billion, marking a 3.0% rise in 24 hours, with 4.2% dominance over the global market. The 24-hour trading volume (TV) reached $12.62 billion.

The stablecoin market cap today is $281.09 billion, up 0.9% in 24 hours, supported by a robust $177.08 billion trading volume (TV). 

Fear and Greed Index

Source: Alternative Me

Bitcoin Fear & Greed Index is now 75 (Greed) compared to 73 yesterday and much higher than it was last week, 62. This has been steadily within the Greed zone during the last month, which is a good indicator of bullish sentiment and increased investor confidence, which may indicate increased market optimism and speculation.

Market News Update

Richard Kim, 39, the former CEO of Zero Edge, is charged with fraud by the U.S. authorities because he lost $3.8M of seed capital within days of raising $4.3M and embezzled $1M to a crypto casino. Investors were deceived regarding losses, and Zero Edge never took off. Individually, Google Play has introduced the requirement of expensive licenses for all crypto wallets in 15 jurisdictions, which affects innovation.

Google Play changed its policy of requiring licenses to non-custodial crypto wallets, making its rules apply to custodial wallets only. The rapid turnaround, which is consistent with the 2019 FinCEN guidance, followed an outcry in the community over the limitations on privacy tools. The move underscores global regulatory tensions, with the EU’s MiCA rules contrasting with U.S. flexibility, impacting developers worldwide.

SpaceX currently owns 8,285 BTC worth $1.023B, compared to 851M in January 2025, and has not bought any since June 2022, according to Arkham data. Having previously possessed 25,724 BTC in 2021 and sold them all by 2022, SpaceX now uses long-term holding as its confidence in the market returns, as the price of Bitcoin surpassed the $124K mark, which can be monitored through sophisticated blockchain analytics.

Michael Saylor’s Strategy now holds $77.2 billion in Bitcoin, soaring from $2.1 billion in 2020 through stock offerings and debt. Just a few days ago, Michael Saylor holds $74 billion in Bitcoin. Now the largest corporate holder, Strategy’s bold bet—spotlighted at the 2025 Bitcoin for Corporations event—signals shifting finance trends, though volatility concerns persist amid Bitcoin’s rapid institutional adoption.

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