Below is a quick update on the cryptocurrency situation today, August 9, 2025:
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Market Overview
The global market capitalization of cryptocurrencies is approximately $3.94 trillion, up nearly 1.74% in the past 24 hours.
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Bitcoin (BTC)
The current price fluctuates around $116,500.
A slight decrease of 0.22% has been recorded, down to about $116,722.60, according to data from Coin World.
Ethereum (ETH)
The price is surging strongly, surpassing $4,200, reaching $4,273 according to real-time data.
Ether is noted to have reached its highest level since late 2021, surpassing $4,200 on the Binance exchange.
The price above $4,200 is further supported by large-scale buying activity from institutional investors—such as Fundamental Global with $5 billion and Arthur Hayes with $10.5 million ETH.
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Notable altcoins & meme coins
Dogecoin (DOGE) increased by about 9%, surpassing the 14-day resistance around $0.25.
XRP increased by more than 13% after the lawsuit between Ripple and SEC concluded, but is currently under profit-taking pressure and remains below the key resistance level of $3.65.
Meme coin PEPE continues to attract attention, increasing by ~10.8% with trading volume exceeding $1 billion.
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Additional notable information
Invesco's Bitcoin ETF recorded a net cash flow of $0 today, with no significant increase or decrease.
Ethereum ETFs continue to be favored, showing signs of a strong recovery and are expected to support upward momentum for ETH.
Binance shares exciting news about the Ethereum PoS network— the number of ETH pending withdrawal has decreased from 744,000 to about 479,300 ETH (valued at around $2 billion), with a withdrawal wait time of 8 days 8 hours.
Linea (a Layer 2 solution for Ethereum) announced a 9-month development plan to increase processing speed to 5,000 TPS by Q2 2026 and implement zkEVM in Q1 2026.
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Quick Conclusion
Bitcoin is in a slight correction, under the $117,000 area.
Ethereum is experiencing a strong recovery, supported by institutional capital flows and technical upward expectations.
Many altcoins, especially meme coins like DOGE, XRP, PEPE, continue to record significant gains, attracting investors' attention.
ETF funds continue to play an important role in supply and demand, while Layer 2 projects like Linea are still focused on future technology.
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