#ETHRally ### Bitcoin's Market Status as of August 13, 2025

1. **Price and Market Position**:

Bitcoin is trading near **$119,000** (up 0.4% in 24 hours), approaching its all-time high of **$123,000**. Its market capitalization stands at **$2.39 trillion**, but its dominance (share of total crypto market cap) fell below **60%** for the first time since February 1, indicating altcoins are outperforming .

2. **Macro Drivers**:

- **Fed Rate Cuts**: Markets price in a **96–100% probability** of a Federal Reserve rate cut in September, lowering the benchmark rate to **4.00–4.25%**. This weakened the U.S. dollar (DXY index < 98), boosting risk assets like crypto .

- **Inflation Data**: July’s CPI report showed mixed results (headline inflation softened, core inflation remained sticky), but it reinforced expectations for monetary easing .

3. **Institutional Demand**:

U.S. spot Bitcoin ETFs saw **$65.95 million in inflows**, led by BlackRock ($111M). Ethereum ETFs attracted **$523 million**, signaling robust institutional interest .

4. **Broader Market Context**:

- Total crypto market cap hit **$4.1–4.36 trillion**, a record high.

- Altcoins like Ethereum ($4,634, +8.3%) and Solana ($196, +12.3%) surged, outpacing Bitcoin’s gains .

- U.S. equities (S&P 500, Nasdaq) also reached new peaks, reflecting synchronized risk-asset optimism .