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4w ago

Crypto Markets Pivot on Bitcoin Pullback and Surging Ethereum ETFs

Institutional ETF demand for Ethereum meets macro-driven Bitcoin weakness, prompting traders to move capital into altcoins as presale tokens attract speculative interest.

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Overview

  • Bitcoin slipped below $117,500 from its recent $124,100 peak after hotter-than-expected inflation data and profit-taking triggered a short-term risk-off move.
  • Spot-Ethereum ETFs saw record inflows—led by $519.7 million into BlackRock’s ETHA on August 14—sustaining ETH’s push toward its prior all-time high.
  • On-chain indicators showed ERC-20 stablecoin supply near $129 billion and a rejection of Bitcoin dominance, suggesting the early phase of a rotation into altcoins.
  • Speculative funds are flowing into heavily promoted presales—BlockDAG’s $376 million, Remittix nearing $20 million and MAGACOIN FINANCE—with promotional return claims unverified.
  • Ripple agreed to a $125 million SEC settlement and secured a ruling that XRP token sales on exchanges are not securities, clearing a path for renewed institutional participation.