BITPRISMIA
Ether ETFs saw $640 million in inflows for the eighth consecutive day, while Bitcoin ETFs recorded $231 million in gains despite outflows from major funds, with record-breaking trading volumes highlighting strong market momentum.
Bitcoin's price is consolidating around $118.5K to $119K after a sharp drop, with mixed technical signals suggesting potential breakout or further downside depending on key levels.
The crypto market experienced a sharp decline on Aug. 14, resulting in over $1 billion in leveraged bets being wiped out, with a notable whale trader losing $83 million, driven by inflation fears and higher-than-expected U.S. Producer Price Index (PPI) data.
Bitcoin and other cryptocurrencies experienced a significant price drop following the release of higher-than-expected U.S. inflation data, which also impacted traditional markets.
Bitcoin's recent rally to over $124,000 is attributed to ETF demand, a weak dollar, and expectations of a Fed rate cut, with analysts predicting potential price targets between $131,000 and $177,000.
XRP's price is currently consolidating with bearish dominance, facing resistance at $3.25 and showing signs of weak buyer follow-through.
Ether ETFs recorded their second-largest single-day inflow at $729.14 million, while Bitcoin ETFs extended their inflow streak to six days with $86.91 million, both reaching record trading volumes and net assets.
Michael Saylor explains four reasons why MicroStrategy's stock (MSTR) trades at a premium to its Bitcoin net asset value (NAV), highlighting factors such as credit amplification, options advantage, passive flows, and superior institutional access.
Standard Chartered Bank predicts Ethereum (ETH) could surge to $25,000 by 2028, driven by institutional demand and stablecoin growth, with a revised 2025 forecast of $7,500.
Bitcoin surpassed $123,000 for the first time since July 2025, driven by ETF inflows and corporate treasury acquisitions, solidifying its position as a legitimate institutional asset.