On 11 August BTC climbed above $122,000 — just a step from July’s record of $123,091. Ethereum is holding at multi-year highs. By market estimates, total crypto market capitalization is back above $4T.
Momentum came from net inflows into crypto ETPs/ETFs (especially spot ETFs on BTC/ETH), upbeat signals around expanding access for U.S. retirement accounts to alternative assets, and bets on a Fed rate cut this fall — together accelerating prices and liquidity in the leaders.
Five trend accelerators:
1. Institutions & policy. July–August brought signals about broadening the menu of assets for U.S. retirement plans — the market expects “long” money.
2. ETF/ETP effect. Net inflows into BTC and ETH products are accelerating — a direct catalyst for spot demand.
3. Macro. Expectations of a dovish Fed lower real yields and support “scarce” assets like digital gold.
4. Supply. The recent halving and coins leaving exchanges reduce free float — price reacts more strongly to the same demand.
5. ETH stack. L2 activity, spot-ETF inflows and tokenization of real-world assets strengthen ETH’s role and typically kick off altseason.
FreshForex view. Current BTCUSD and ETHCUSD levels fit tactical longs — only with strict risk control and tracking CPI and net inflows/outflows in spot ETFs on BTC/ETH.
Momentum came from net inflows into crypto ETPs/ETFs (especially spot ETFs on BTC/ETH), upbeat signals around expanding access for U.S. retirement accounts to alternative assets, and bets on a Fed rate cut this fall — together accelerating prices and liquidity in the leaders.
Five trend accelerators:
1. Institutions & policy. July–August brought signals about broadening the menu of assets for U.S. retirement plans — the market expects “long” money.
2. ETF/ETP effect. Net inflows into BTC and ETH products are accelerating — a direct catalyst for spot demand.
3. Macro. Expectations of a dovish Fed lower real yields and support “scarce” assets like digital gold.
4. Supply. The recent halving and coins leaving exchanges reduce free float — price reacts more strongly to the same demand.
5. ETH stack. L2 activity, spot-ETF inflows and tokenization of real-world assets strengthen ETH’s role and typically kick off altseason.
FreshForex view. Current BTCUSD and ETHCUSD levels fit tactical longs — only with strict risk control and tracking CPI and net inflows/outflows in spot ETFs on BTC/ETH.
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More analytical information and promotions on FreshForex website cutt.ly/LrP6j9qD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.