Cryptocurrencies surged on Monday, lifting the entire market worth almost 2% to $4.13 trillion, as Bitcoin climbed near a recent all-time excessive and Ethereum’s rally gathered momentum.
Bitcoin rose 3% to $121,900, extending beneficial properties from the weekend. Ether added 1.5% to $4,295, capping per week during which it jumped 20% on surging institutional demand. The rally marked one of many strongest altcoin runs in current months, defying the standard summer time slowdown.
“Our tactical altcoin mannequin simply triggered its longest bullish streak in over a 12 months, and Ethereum’s breakout has merchants eyeing a stage not seen since 2021,” 10X Analysis stated in a notice.
El Salvador Opens Institutional Entry to Bitcoin
Bitcoin’s advance follows El Salvador’s approval of its Funding Banking Regulation, a measure that would flip the Central American nation right into a regional crypto hub.
Handed on Aug. 7, the laws grants licensed funding banks the facility to carry Bitcoin and different digital belongings alongside authorized tender and international foreign money, supplied they deal solely with subtle traders.
These establishments should keep at the very least $50m in capital and serve shoppers with market information and a minimal of $250,000 in investable belongings.
The broader market temper was bolstered by MicroStrategy co-founder Michael Saylor, a outstanding Bitcoin advocate, who wrote on X: “For those who don’t cease shopping for Bitcoin, you received’t cease earning profits.”
For those who don't cease shopping for Bitcoin, you received't cease making Cash. pic.twitter.com/G9S2gPO1t8
— Michael Saylor (@saylor) August 10, 2025
ETH Treasuries and ETFs Gasoline Robust Institutional Demand
Ethereum’s climb has been underpinned by file flows into ETH-focused treasuries and exchange-traded funds. Knowledge from Coinglass confirmed $92.25m in ETH lengthy liquidations previously day, in contrast with $117.67m for Bitcoin, indicating aggressive repositioning as costs spiked.
Company treasuries are enjoying a rising function within the rally. In keeping with CoinGecko, 17 public firms now maintain a mixed 1.75m ETH, valued at greater than $7.53b. Bitmine Immersion Applied sciences leads the record with 833,133 ETH price about $3.59b, adopted by SharpLink Gaming with 521,939 ETH and Coinbase with 136,782 ETH.
SharpLink’s current $200m inventory providing to develop its Ethereum holdings has added to bullish sentiment, with analysts projecting it may quickly change into one of many largest company holders of the token.
ETF flows have additionally surged. BlackRock’s ETHA ETF absorbed over $254m on Friday, pushing its web belongings previous $12.3b. Grayscale’s major ETH belief now holds $4.5b in belongings, whereas merchandise from Bitwise, VanEck and Franklin have seen regular inflows.
Bullish Hashtags Surge as Retail Merchants Pile In
Social sentiment displays the optimism. Analytics agency Santiment famous a spike in bullish hashtags similar to #shopping for and #bullish, with bearish mentions dropping by half. The agency cautioned, nonetheless, that extreme retail FOMO may briefly stall the rally.
With Bitcoin nearing $122,000 and Ether inside putting distance of $4,500, merchants are watching whether or not momentum can push the 2 largest cryptocurrencies to recent highs earlier than the quarter’s finish.
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