Overview

• Bitcoin hit fresh all-time highs above $123,000–$124,000 on August 13–14, buoyed by heavy spot-ETF trading volumes and macro catalysts.
• BlackRock’s IBIT and other U.S. spot Bitcoin ETFs recorded record daily turnover, underpinning sustained institutional inflows.
• Ethereum climbed within 3–4% of its 2021 peak as record spot-ETF inflows and 30-day exchange outflows averaging 40,000 ETH tightened available supply.
• Corporate treasuries and large holders intensified accumulation, with Strategy’s Bitcoin assets valued at $77.2 billion and whale addresses reaching new highs.
• Growing expectations of Federal Reserve rate cuts and recent pro-crypto policies have reinforced risk-on sentiment, lifting total crypto market capitalization above $4.16 trillion.