Bitcoin recently retreated from its all-time high of $123,288, now trading around $117,190. With Bitcoin dominance at 58.99%, the market is showing stronger control by BTC as altcoins lag behind.
On Friday, as crypto prices swung wildly, a fresh batch of 300 bitcoins from 2012 — untouched for roughly 13 years — was moved for the first time. Altogether, this single holder has now shifted 1,600 BTC from 2012 wallets this month alone, a stash valued at more than $187 million today. Old-School Bitcoin Wallets
Major institutional investments in Bitcoin ETFs by Wall Street firms such as Wells Fargo and Tudor Investment indicate a growing acceptance of digital assets, reflecting confidence in the future of
Bitcoin prices have now crashed by over 4% after reaching a new all-time high on August 14. The crypto market leader remains in consolidation, potentially gathering momentum for the next leg up. Amidst this stable market structure, a popular trading expert with the X username KillaXBT provides insights into possible price developments for the next month. Related Reading: Bitcoin Holds Near $119,000 As Lower Leverage Reduces Correction Risk CRT Model Flags September As Pivotal For Bitcoin’s Bull Cycle In an X post on August 15, KillaXBT outlines potential BTC price trajectories via in-depth technical analysis of the monthly chart. Using the candle range theory (CRT), the renowned analyst postulates that the premier cryptocurrency would be entering a pivotal month in September during which it could produce a cycle top. Looking at the asset’s performance in August, KillaXBT notes that Bitcoin formed a monthly low at $111,986, before reclaiming its monthly open at $115,747 and even surging higher in line with previous predictions. Notably, the premier cryptocurrency swept above its previous all-time high before experiencing a crash by over 4% Based on the monthly chart, the renowned analyst also explains that the Bitcoin market has now experienced five consecutive green monthly candles. However, the recent rejection indicates that price movement and momentum are taking on a parabolic curve. Therefore, price movement in September presents a crucial moment to confirm market direction. For this next month, KillaXBT nudges investors to watch whether BTC can hold above the current monthly open at $115,747. A sustained hold could pave the path for a move toward the $125,000–$127,000 regions, representing a marginal extension of the rally and potentially setting up another test of investor conviction at higher prices. However, KillaXBT also warns that Bitcoin opening the month of September with a new all-time high may not necessarily signal an uptrend continuation, but also indicate the cycle top. On the other hand, a breakdown below the monthly open would expose BTC to downside risk, with $111,986, the monthly low, acting as the first major support. It is worth stating that a loss of that level could accelerate a corrective phase. Related Reading: BTC Slips Below $120K as Policy Shifts Rattle Markets: Is This a Setup for the Next Big Rally? Bitcoin Price Overview At the time of writing, Bitcoin is trading at $117,559, reflecting a slight 0.66% price decrease in the past week. On larger timeframes, the premier cryptocurrency also reflects marginal price changes of +0.78% and -1.36% on the weekly and monthly charts, underscoring a choppy market environment despite recently setting new all-time highs. Featured image from Pexels, chart from Tradingview
US-based Spot Bitcoin and Ether exchange-traded funds (ETFs) recorded $40 billion in trading volume in the past week. According to a Bloomberg ETF analyst, this marks the biggest week ever for the crypto ETFs. Balchunas noted that the massive volume represents a major milestone for crypto ETFs, comparable to the volume for the top five ETFs or top 10 stocks. He said : “Spot Bitcoin + Ether ETFs did about $40b in volume this week, biggest week ever for them. Massive number, equiv to a Top 5 ETF or Top 10 stock’s volume.” Interestingly, Balchunas attributed the sizable volume to Ether ETFs rising to the challenge after long playing a smaller role compared to the spot Bitcoin ETFs. He noted that Ether ETFs appear to have woken up after months of only pulling in trickles and watching Bitcoin ETFs do massive numbers. Ether ETFs record biggest week ever with $17 billion volume (Source: Eric Balchunas) While Bitcoin ETFs still account for the majority of the trading volume, Ether ETFs saw around $17 billion. This is its biggest ever weekly volume by a large margin, with the second largest being slightly over $10 billion back in July 2025 Balchunas wrote: “ETHSANITY: Ether ETFs weekly volume was about $17b, blowing away record, man did it wake up in July. It’s like it was asleep for 11mo and then crammed 1yr worth of action into 6wks.” Experts attribute this surge in ETH ETFs trading volume to institutional investors. Nate Geraci, the president of NovaDius Wealth Management, noted that this indicates that institutional investors are involved. Geraci also highlighted the record week for spot crypto ETFs, noting that doubts about demand for ETH ETFs are now over. He noted that “Spot ETH ETFs absolutely obliterated previous weekly trading volume records,” adding , “wonder if there are any ‘no demand’ naysayers still out there.” ETH ETFs beat spot Bitcoin in inflows for five consecutive days Meanwhile, the Ether ETFs not only contributed significantly to the overall trading volume for crypto ETFs, but the products also outshone Bitcoin ETFs in inflows throughout the week. According to Milk Road , the ETH products have pulled in more inflows than BTC products for five consecutive days despite Bitcoin having a 4.3x larger market cap. Between August 8 and August 14, spot ETH ETFs saw a combined $3.37 billion in net inflow. By comparison, Bitcoin ETFs only recorded $964.8 million in net inflows during that period. Milk Road analysts note that this is a sign that ETH is not interested in playing second fiddle. However, Bitcoin ETFs are still the leader by a large margin, with the combined AUM for the products being $152.67 billion. Ether products only have over $25.68 billion AUM so far. Price performance likely drove the massive week for crypto ETFs Interestingly, the price performance of both assets likely played a major role in the massive volume they pulled during the week, given how increased prices coincided with record high volume. According to CoinMarketCap, Bitcoin reached a new all-time high above $124,000 this week. ETH, which has been on a rally for the past few weeks, also got close to its all-time high of $4,878. Both assets have since fallen substantially below their weekly high. Bitcoin declined by over 5% to $117,000, while the ETH price correction saw it decline by more than 6% to $4,395. However, the decline in value looks to be only temporary as demand for Bitcoin and Ether remains very high. The demand is coming not just from ETFs but also from institutions buying the assets for their treasuries. Ether, particularly, has seen a sustained demand from companies such as Bitmine and Sharplink, who have doubled down on accumulating ETH. Sharplink recently disclosed that its ETH holding has reached 728,000 ETH worth more than $3.3 billion, while Bitmine now holds 1.29 million ETH valued at $5.75 billion after its most recent purchase. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
The United States crypto exchange-traded fund (ETF) market has been in red-hot form in the past few weeks, with the Ethereum ETFs hitting new milestones every week. In its latest feat, the ETH-linked investment hit a new volume record alongside its Bitcoin counterpart. This increased activity for the Bitcoin and Ethereum ETFs mirrors the current optimistic state of the market, with investor sentiment remaining fairly positive in recent weeks. Unsurprisingly, this positive trend is also reflected in price action, especially for ETH . Ethereum ETFs Record $2.85 Billion In Net Weekly Inflow In an August 15 post on social media platform X, Bloomberg ETF analyst Eric Balchunas revealed that the US-based spot Bitcoin and Ethereum ETFs recorded around $40 billion in trading volume in the past week. This figure represents the highest volume ever registered by crypto exchange-traded funds. According to Balchunas, the $40 billion figure is one often associated with the volume of a top five exchange-traded fund or a top 10 stock. However, the spot crypto ETFs have achieved a similar feat in terms of trading volume, thanks to the Ethereum exchange-traded funds stepping up. The Bloomberg ETF expert disclosed that the US-based spot Ethereum ETFs did about $17 billion in trading volume in the past week. Balchunas acknowledged the change of fortune the Ether-linked products have witnessed in the past week, saying they “crammed one year’s worth of action into the past six weeks.” As seen with their trading volume, the Ethereum ETFs have also enjoyed increased capital inflows in the past few weeks. According to data from SoSoValue, the crypto-linked investment products were on an eight-day inflow streak until Friday, August 15, where they registered a net total outflow of $59.34 million. However, this latest round of withdrawals was not enough to stop the ETH exchange-traded funds from recording their best weekly performance since launch in 2024, posting $2.85 billion net total inflow in the past week. This marks the 14th consecutive week of positive inflows for the Ethereum ETFs, with the funds particularly picking up in the last six weeks. Meanwhile, the spot Bitcoin ETFs recorded a $128.53 million net outflow on Friday, breaking the funds’ seven-day inflow streak. According to market data, the BTC exchange-traded funds eventually registered a net total inflow of $547.82 in the past week. Bitcoin And Ethereum Price Bitcoin reached a new all-time high of around $124,100 over the past week, reflecting the continuous positive correlation between spot ETFs and the price of their underlying assets. Similarly, the Ethereum price flirted with its former record high just above the $4,800 level. As of this writing, the price of BTC stands at around $117,400, reflecting a 1% decline in the past 24 hours. Meanwhile, the ETH token is currently valued at around $4,420, reflecting a nearly 4% price decline in the past day.
Bitcoin reached a new all-time high of over $123,000 in August 2025, while Ethereum approached its ATH driven by institutional demand and significant ETF inflows. This highlights the growing interest
The latest report from COINOTAG on August 16 reveals a significant surge in Bitcoin, which has ascended to a remarkable price of over $123,000, eclipsing its previous peak in July.
Bitcoin’s potential drop below the critical $116,000 level poses a $1.041 billion liquidation risk on major exchanges, impacting the entire cryptocurrency market. Bitcoin may drop below the critical $116,000 level.
The crypto economy ended the week slightly higher, rising from $3.97T to $4.04T, but the real story was the volatility beneath the surface. Crypto Market’s Eventful Week After appearing to keep up the momentum from the previous week, the crypto economy ultimately ended this week marginally higher, rising from $3.97 trillion to $4.04 trillion. This