Why Is Crypto Up Today? – August 11, 2025
Main Idea
The cryptocurrency market is experiencing a bullish trend with Bitcoin and Ethereum nearing all-time highs, while analysts predict a corrective bear market in 2026.
Key Points
1. The cryptocurrency market capitalization increased by 2.5%, reaching $4.14 trillion, with Bitcoin trading at $122,016 and Ethereum at $4,301.
2. Analysts predict Bitcoin could rise to $130,000 and Ethereum to $6,000, with a corrective bear market expected in 2026, potentially dropping Bitcoin to $90,000-$100,000.
3. US ETH spot ETFs recorded inflows of $461.21 million, and US BTC spot ETFs saw inflows of $403.88 million, indicating strong institutional demand.
4. Ethereum surpassed Mastercard's market cap, becoming the 22nd largest asset, with Vitalik Buterin reentering the billionaire ranks.
5. El Salvador approved an Investment Banking Law, allowing specialized investment banks to operate, including those dealing with Bitcoin.
Description
The crypto market is up today, with barely any coins in the red over the past 24 hours. The cryptocurrency market capitalization has increased by 2.5%, bringing the total to $4.14 trillion. At the same time, the total crypto trading volume is at $146 billion. TLDR: Crypto market is green over the past day, with only a dozen of the top 100 coins in the red; All top 10 coins are up, except Tron; BTC and ETH continue moving towards new ATHs, appreciating to $122,016 and $4,301, respectively; Some a...
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