The cryptocurrency market registered a substantial uptick over the past 24 hours as Bitcoin (BTC) , Ethereum (ETH) , and other cryptocurrencies 0 briefly slumped below $110,000 earlier in the week but rebounded to reclaim $112,000 before registering another decline to $111,000. However, it recovered from this level, crossing $113,000 and moving to its current 1 flagship cryptocurrency is up nearly 3% over the past 24 hours, trading around $113,282. Meanwhile, Ethereum (ETH) initially fell to a low of $4,471 before rebounding to reclaim $4,500. The world’s second-largest cryptocurrency is up over 1%, trading around $4,615.
On the other hand, Ripple (XRP) is marginally down, trading at $2.99. However, Solana (SOL) continues to push higher, up nearly 5%, trading around $213. Dogecoin (DOGE) is up almost 2%, while Cardano (ADA) is marginally up over the past 24 hours, trading around $0.867. Chainlink (LINK) , Stellar (XLM) , Hedera (HBAR) , Litecoin (LTC) , and Toncoin (TON) also registered notable declines.
However, Polkadot (DOT) bucked the bearish trend and is up over 2%, trading around $3.95.1 In 4 UK Adults Open To Add Crypto To Retirement Portfolios 1 in 4 adults in the UK are open to adding crypto into their retirement portfolio, indicating that cryptocurrencies could corner a significant chunk of the UK’s pension fund 2 insurance company Aviva polled 2,000 adults and discovered that around 27% were open to crypto in their retirement 3 40% of adults open to crypto said they were motivated by higher 4 survey was conducted censuswide between June 4 and 5 also found that 23% of those polled would consider withdrawing part or all of their existing pension funds and investing in 6 survey revealed that crypto investments in UK retirement plans could see significantly more capital flows, with 1 in 4 adults holding pensions worth 3.8 trillion British pounds ($5.12 trillion).
The poll comes after US President Donald Trump signed an executive order allowing 401(k) investors to invest in alternative assets like 7 Believes ETH Is The Wall Street Token Jan van Eck, CEO of investment firm VanEck, believes that Ethereum will be the clear winner among blockchains as banks prepare for 8 Eck stated during an interview that banks and financial services must adopt a blockchain to handle stablecoin transactions, adding that Ethereum should be the blockchain of 9 Eck stated, “It’s very much what I call the Wall Street 10 what I mean by that is, if you think that because of stablecoins, now every bank and every financial services company has to have a way of taking in 11 the winner is, who’s going to be building on these blockchains?
It’s going to be Ethereum or something that uses Ethereum kind of methodology, which is called ECM.” The US House has already passed the GENIUS Act, which has been signed into law by President 12 GENIUS Act focuses exclusively on stablecoins and is the first federal law for payment 13 Eck also stated that with companies taking steps towards stablecoin adoptions, banks will need to adapt or risk losing out. “Companies have to employ technology to enable stablecoin usage over the next 12 14 will take a while, but no financial services company wants to say, ‘No, don’t send me that digital dollar.’ If I want to send you stablecoins, your bank has to figure it out, or you will find some other institution to do that.” Ethereum ETFs Register 10x More Inflows Than BTC ETFs Spot Ethereum ETFs have registered a staggering $1.83 billion in inflows over the past five days, dwarfing BTC funds, which registered only $171 million in 15 from CoinGlass shows that Wednesday was the fifth consecutive day spot Ethereum ETFs outperformed their BTC 16 inflows for the Ethereum funds stood at $310 million, with BlackRock’s iShares Ethereum Trust (ETHA) registering over $265 million alone.
Meanwhile, spot Bitcoin ETFs registered $81 million in inflows, with BlackRock’s IBIT registering over half with $50.7 17 Regulator Integrates Nasdaq Surveillance Tool The Commodity Futures Trading Commission (CFTC) plans to integrate a financial surveillance tool developed by Nasdaq in an attempt to overhaul its dated infrastructure. Nasdaq’s software focuses on detecting market abuse, including insider trading, market manipulation in equities, and cryptocurrency 18 Sio, head of regulatory strategy and innovation at Nasdaq, stated, “Tailored algorithms detect suspicious patterns unique to digital asset 19 offers real-time analysis of order book data across crypto trading venues and cross-market analytics that can correlate activities between traditional and digital asset markets.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) has bounced back during the ongoing session, up nearly 2%, trading around $112,999.
The flagship cryptocurrency struggled on Monday but has steadily recovered, rising 1.51% on Tuesday before registering a marginal decline on 20 is back in positive territory during the ongoing session, up almost 2%, trading around $113,066. According to analysts, retail traders are aggressively buying the dip. However, BTC remains stuck trading sideways between $111,000 and $113,000. Data from the anchored cumulative volume delta (aggregated) for retail traders shows these entities purchasing BTC throughout the correction from Sunday to Wednesday.
Meanwhile, Bitcoin whales and institutional traders were selling their BTC holdings during the same time frame. However, the intensity of selling has reduced, allowing the flagship cryptocurrency to reclaim the $112,000 21 week’s recovery also brought spot Bitcoin ETFs back on 22 Bitcoin ETFs ended a six-day outflow streak, registering over $219 million in inflows on Monday. BTC’s outflow streak began on August 15 and ended on Friday last week, with the biggest outflows coming on August 23 rebound was led by Fidelity and BlackRock ETFs, which saw most of the 24 Wise Origin Bitcoin Fund (FBTC) registered $65 million in inflows, while BlackRock’s IBIT registered $63 25 Invest’s ARK 21Shares Bitcoin ETF (ARKB) also saw substantial inflows of $61 26 to CoinShares’ head of research, James Butterfill, the recent ETF selloff was largely due to polarized investor sentiment over US monetary 27 started the previous weekend in bearish territory, dropping nearly 1% on Friday (August 15) to $117,436.
The price registered marginal increases on Saturday and Sunday, settling at $117,488. However, BTC was back in the red on Monday, dropping 1.02% to a low of $114,703 before settling at $116,286. Selling pressure intensified on Tuesday as BTC plunged nearly 3%, slipping below $113,000 and settling at $112,856. Despite the overwhelming selling pressure, the price was back in positive territory on Wednesday, rising over 1% to reclaim $114,000 and settling at $114,276.) Price Analysis Ethereum (ETH) has made a steady recovery after Monday’s decline, when it fell over 8% to $4,380.
The altcoin rose over 5% on Tuesday but was back in the red on Wednesday, falling 2% to $4,509. The current session sees ETH up almost 2%, trading under the $4,600 28 world’s second-largest altcoin is getting substantial attention from institutional 29 Ethereum ETFs have registered a staggering $1.83 billion in inflows over the past five days, dwarfing BTC funds, which saw only $171 million in 30 from CoinGlass shows that Wednesday was the fifth consecutive day spot Ethereum ETFs outperformed their BTC 31 inflows for the Ethereum funds stood at $310 million, with BlackRock’s iShares Ethereum Trust (ETHA) registering over $265 million alone.
Meanwhile, spot Bitcoin ETFs registered $81 million in inflows, with BlackRock’s IBIT registering over half with $50.7 million. Meanwhile, Cathie Wood’s ARK Invest purchased an additional $15.6 million worth of shares in BitMine Immersion Technologies, taking its total investment in the company to $300 32 Invest purchased the shares across its three funds, with the ARK Innovation ETF (ARKK) fund purchasing 227,569 shares, the ARK Next Generation Internet ETF (ARKW) buying 70,991 shares, and the ARK Fintech Innovation ETF (ARKF) purchasing 40,553 33 investment firm’s BitMine investment is seen as a bet on ETH, and is almost half the size of its investment in cryptocurrency exchange 34 began purchasing BitMine shares in July, buying $174 million across its three shares in a single 35 purchased an additional $17 million worth of BMNR stocks on August 36 is known to bet on emerging and disruptive technologies, including blockchain, AI, gene editing, and 37 interest in ETH goes beyond BitMine, with BlackRock purchasing $314 million worth of ETH while reducing its BTC 38 Ethereum holdings have surged over 127% in 39 70 corporate entities control 4.3 million ETH, 3.6% of the asset’s total 40 started the previous weekend in the red, dropping over 2% to $4,444.
Sellers retained control on Saturday, registering a marginal decline before rising over 1% to end the weekend at $4,476. Selling pressure returned on Monday as ETH fell 3.58% and settled at $4,316. Bearish sentiment intensified on Tuesday as the price fell 5.54% to $4,076. Despite the overwhelming selling pressure, ETH recovered on Wednesday, rising over 6% to reclaim $4,300 and settle at $4,338.
It was back in the red on Thursday, dropping nearly 3% and settling at $4,225. The price rallied on Friday following Fed Chair Jerome Powell’s speech at Jackson Hole.) Price Analysis Solana (SOL) has made a stunning recovery after Monday’s crash, rising nearly 5% on 41 reached an intraday high of $212 on Wednesday before settling at $203, ultimately registering a 3.62% 42 is up over 5% during the ongoing session, trading around $213. SOL has outperformed BTC and ETH this week, gaining over 12% so 43 jump can be attributed to significant institutional interest in the token and its recent popularity as a treasury 44 treasuries are now turning their attention to SOL, with companies making massive bets on the 45 to several reports, Galaxy Digital, Multicoin Capital, and Jump Crypto are planning to raise $1 billion and create a dedicated Solana 46 entities plan to take over an unidentified public trading entity in a deal endorsed by the Solana 47 Fitzgerald has been tapped as the lead bank for the 48 Capital is also planning a similar raise, with plans to raise $1.25 billion to convert a listed company into a Solana 49 registered a sharp drop on Friday (August 15), falling 3.48% and settling at $185.
However, it rebounded over the weekend, rising 2% on Saturday and 0.73% on Sunday to settle at $191. Despite the positive weekend, SOL was back in the red on Monday, dropping over 4% to $183. Sellers retained control on Tuesday as the price fell 3.69%, slipping below $180 and settling at $176. Bullish sentiment returned on Wednesday as SOL rallied, rising nearly 7% to reclaim $180 and settle at $188.
However, SOL was back in the red on Thursday, dropping over 4% to $180. Bullish sentiment returned on Friday as SOL rallied after Fed Chair Jerome Powell’s Jackson Hole 50 a result, the price surged over 11% to settle at $200.) Price Analysis Internet Computer (ICP) started the previous week in the red, dropping over 3% on Monday and settling at $5.32. Selling pressure intensified on Tuesday as the price fell almost 6% to $5.02. Buyers returned to the market on Wednesday as ICP rose nearly 5% and settled at $5.27.
However, it was back in the red on Thursday, dropping over 3% to $5.10. Bullish sentiment returned on Friday as ICP rallied, rising almost 9% to cross $5.50 and settle at $5.54.
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