Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The cryptocurrency market is experiencing an upswing today, with over 90 of the top 100 coins showing positive performance in the last 24 hours. During this period, the total cryptocurrency market capitalization has risen by 2.3% to reach $4.12 trillion. Concurrently, the overall crypto trading volume has hit $201 billion, marking the highest level seen in several days.
TLDR:
Crypto Winners & Losers
As of this writing, all top 10 coins by market capitalization have shown gains over the past 24 hours.
Bitcoin (BTC) remains relatively stable, having risen by 0.4% in a day, currently trading at $119,052. This is the least significant increase in this category.
Meanwhile, Ethereum (ETH) has experienced an 8.3% increase, now trading at $4,634, making it the second-best performer in this category.
Solana (SOL) stands out as the top gainer, having surged 12.3% to a price of $196.7.
Among the top 100 coins, four have recorded double-digit increases. Leading this group is Binance Staked SOL (BNSOL), which rose 12.5% to $210.87.
Following closely is Jito Staked SOL (JITOSOL), which increased by 12.3% to $240.36. Solana and Pump.fun (PUMP) follow next.
Conversely, six coins have declined. Monero (XMR) experienced the largest drop, followed by Provenance Blockchain (HASH), which fell by 5.2% and 3.3% to $246.99 and $0.02858, respectively.
The market continues to be significantly affected by macroeconomic factors, particularly those related to the US. While concerns regarding tariffs and economic stability have largely diminished, investors are focusing on economic data, especially the Consumer Price Index (CPI) report scheduled for Tuesday.
Overall, the report indicated expected figures, with annual inflation remaining stable compared to the previous month. Consequently, expectations for rate cuts by the Federal Reserve in September continue to persist.
Inflation is 50% above the Fed’s target, and rising. Furthermore, core CPI has been above 3% since 2021, yet you are arguing for rate cuts? Are you mad? https://t.co/ry0Lk6bR92 pic.twitter.com/apxiyEdpHS
— Gordon Johnson (@GordonJohnson19) August 12, 2025
‘Sentiment is a Significant Price Driver’
James Toledano, Chief Operating Officer at Unity Wallet, noted that we are currently witnessing typical price fluctuations.
The recent sideways movement in Bitcoin’s price may be attributed to investor caution ahead of the US CPI inflation data release.
Additionally, Donald Trump’s meeting with Vladimir Putin this week could heighten geopolitical tensions, potentially increasing safe-haven demand for BTC. However, Toledano contends that “there’s no clear evidence that it will meaningfully sway the BTC price in either direction.”
He further stated: “An increase in corporate treasury holdings in traditional finance, whether in cash, bonds, or other assets, won’t directly elevate share prices in the same mechanical manner that stock buybacks would. Bitcoin, however, may differ because sentiment is such a crucial price driver, and an increase in corporate treasury holdings in Bitcoin certainly enhances sentiment for the digital asset, indicating broader adoption and acceptance within traditional finance.”
Dom Harz, co-founder of BOB, also commented on the crypto market cap surpassing Apple, describing it as “a clear reflection of strong sentiment.”
Bitcoin is trading around $120,000 and could potentially reach another all-time high soon, “with institutions and Bitcoin DeFi playing a significant role in that rally,” Harz states.
Institutional inflows into ETFs are increasing, leading to Bitcoin “moving deeper into the financial mainstream.” Beyond the price, “the larger transformation lies ahead,” with the rise of Bitcoin DeFi.
“As institutions expand their reserves, they will look to utilize those holdings, driving innovation and accelerating development. This transition will solidify Bitcoin’s position not only as a store of value but also as a fully functional layer in the global financial system,” Harz adds.
Meanwhile, Glassnode has identified bullish indicators, noting that newer BTC buyers are paying a premium and that short-term demand remains robust.
A useful gauge of short-term demand reversals: when the cost basis of 1w–1m holders exceeds that of 1m–3m holders, it signals newer buyers paying a premium – a bullish sign. The gap remains wide, suggesting short-term demand for #Bitcoin is still strong. pic.twitter.com/EdM3U9yOqY
— glassnode (@glassnode) August 12, 2025
Related Posts
Levels & Events to Watch Next
As of Thursday morning, BTC is trading at $119,052. Its lowest point of the day was $118,252, rising above the $120,000 mark to reach $120,203. Overall, BTC has increased by 4.4% over the week and decreased by 2.6% over the month.
Although it has struggled to maintain this level, it has made several attempts to reclaim it. A move above $120,500 is likely to lead to further gains towards $122,000 and potentially a new all-time high. Currently, indicators suggest a continuation of upward momentum. A breakout above $123,250 could pave the way to $127,000.
In the event of a bearish reversal, the price may decline to $113,650 and $110,675.
Bitcoin Price Chart. Source: TradingView
Bitunix analysts have remarked that the $120,000–$123,000 range for BTC represents “a clear high-density supply zone with concentrated selling pressure.” Secondary support levels are identified at $116,000 and $112,000. “Without strong volume, an upside breakout is likely to face rejection and pullback,” they noted.
With the CPI data supporting expectations for rate cuts, analysts advise investors to “keep an eye on USD and US Treasury trends – should BTC break the supply zone on strong daily volume, it could initiate a new upward trend.”
Ethereum is currently trading at $4,634. It began the day at a low of $4,265 and gradually increased to an intraday high of $4,674.
Overall, ETH is still advancing towards its previous all-time high of $4,878, reached in November 2021.
Over the past week, ETH has appreciated by 29.3%, and 52.3% over the month, continuing to outperform BTC.
$ETH is outperforming $BTC by 4.4%.
Are we entering altseason? pic.twitter.com/XZjaRWy7Qf— CoinGecko (@coingecko) August 12, 2025
Meanwhile, the sentiment in the crypto market has slightly improved today, remaining within the greed zone. The crypto fear and greed index has risen to 63 today from 60 yesterday.
Investors appear to be more optimistic following the overall rise in the crypto market. However, the market does not seem overheated at this time, indicating that a significant correction is likely not imminent.
Source: CoinMarketCap
Furthermore, US BTC spot exchange-traded funds (ETFs) have continued their streak of inflows, with positive flows of $65.95 million recorded on Tuesday.
BlackRock is the only entity in this group with positive inflows, totaling $111.44 million. Grayscale and Ark$21Shares experienced outflows of $21.63 million and $23.86 million, respectively.
Source: SoSoValue
At the same time, US ETH ETFs attracted $523.92 million, following a record-setting $1.02 billion on Monday.
Six of the nine ETFs reported inflows, all of which were positive. The largest among these is BlackRock’s $318.67 million, followed by Fidelity’s $144.93 million.
Source: SoSoValue
Additionally, Grayscale Investments has registered two new statutory trusts in the US, naming them the Grayscale Cardano Trust ETF and the Grayscale Hedera Trust ETF.
[FILING] Grayscale Registers Hedera and Cardano Trust ETF in Delaware$HBAR $ADA
— BecauseBitcoin.com (@BecauseBitcoin) August 12, 2025
Moreover, Kazakhstan-based investment manager Fonte Capital is set to launch its BTC ETF on Wednesday on the Astana International Exchange (AIX). The fund will hold BTC directly.
US-regulated BitGo Trust will act as the custodian, and the Astana International Financial Centre (AIFC) will oversee the fund. “The Fund is registered as non-exempt, making it accessible to a broad range of investors, including retail participants,” the announcement states.
This marks the latest in the country’s initiatives to foster a crypto-friendly environment.
Kazakhstan is exploring the launch of crypto banks as part of its broader push to build a sustainable and regulated digital asset ecosystem.#Kazakhstan #Bitcoinhttps://t.co/egghK92tqY
— Cryptonews.com (@cryptonews) April 30, 2025
Quick FAQ
- Why did crypto move with stocks today?
Both the cryptocurrency and stock markets experienced significant gains. At the close on Tuesday, the S&P 500 rose by 1.13%, the Nasdaq-100 increased by 1.33%, and the Dow Jones Industrial Average climbed by 1.1%. The surge in the stock market followed the US CPI report, which revealed anticipated inflation figures, bolstering investor expectations that the Fed will lower interest rates in the near future.
- Is this rally sustainable?
Following yesterday’s anticipated pullback, the crypto market has maintained an upward trend, with further potential for growth. However, investors are closely monitoring macroeconomic developments, which could influence the market in either direction.
You may also like: (LIVE) Crypto News Today: Latest Updates for August 13, 2025 The crypto market is displaying bullish signals today, with Ethereum leading the charge, up over 8% in the past 24 hours and approaching $4,700 after briefly exceeding $4,600. Most sectors have shown strong gains, with Bitcoin remaining steady around $119,000 and Layer1, Layer2, DeFi, and Meme tokens all advancing between 4% and 7%. Notable performers included Solana (+9.97%), Chainlink (+10.38%), and Fartcoin (+18.39%), while the AI sector rebounded sharply, led by Bittensor and Render with gains over…
The post Why Is Crypto Up Today? – August 13, 2025 appeared first on Cryptonews.
