Market Highlights — August 13, 2025

Bitcoin (BTC)

Trading around $119K–$119.3K, maintaining its strong bullish momentum.

Analysts attribute this strength partly to favorable macro conditions—particularly a likely Federal Reserve rate cut in September, sparked by low July inflation data.

Ethereum (ETH)

Dominating with a stellar performance—up nearly 41% over the past month, 59% in 3 months, and 14% in just the last week.

It has reached a near four-year high, nearing $4,600–$4,700, and is now the most traded asset on OKX due to growing real-world adoption.

Market-Wide Trends

Crypto Summer continues, marked by a wave of IPOs and mainstream attention. Bullish—the parent of CoinDesk—is preparing for a highly anticipated IPO on the NYSE, with demand strong enough to raise size and pricing, targeting a valuation close to $5 billion.

Institutional inflows into crypto investment vehicles are surging. Tephra Digital, for example, delivered 9% returns in July, pushing its year-to-date gains near 23%, thanks to a BTC rally to $123K and ETH’s 50% monthly surge. Over $30 billion has flowed into crypto ETFs and ETPs in 2025.

Regulatory & Broader Context

Investors are betting on a September Fed rate cut, as subdued U.S. inflation supports this outlook, weakening the dollar and boosting risk assets like crypto.