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Miami Herald
a day ago
- Business
- Miami Herald
Bitcoin, Ether on the rise as crypto surges
Aug. 11 (UPI) -- Bitcoin nearly hit an all-time high on Monday as demand from commercial treasury buyers and established investors lifted the digital asset market overall. Cresting to as much as 3.3% to exceed $122,000, Bitcoin just missed a previous record reached last month. Ether had a big weekend by surging over $4,300, its highest climb since December of 2021. Bitcoin traded at approximately $121,200 as of 6:15 a.m. EDT, while Ether reached $4,250. The gains rode a wave of swelling interest in cryptocurrencies from digital-asset treasury companies that have achieved a Bitcoin stash worth $113 billion. "If you don't stop buying Bitcoin, you won't stop making money," Michael Saylor, Founder and Chairperson of Bitcoin treasury company Strategy, posted to X Sunday. Similar groups have also amassed around $13 billion of Ether as well, and its options markets reflected the optimistic attitude with a total put-call ratio of 0.40. The alignment of Bitcoin and Ether looks to be heading into September and December with calls in line with macro rate-cut timing and further adoption by the traditional financial system, according to Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. "Second-ranked cryptocurrency Ether outpaced rivals over the weekend to lead a broad rally in digital assets, as demand from institutional investors and corporate treasury buyers builds," McNulty posted to X Sunday. The digital asset research firm 10x Research posted a blog Monday stating that "Something big just shifted in Bitcoin's backdrop," which it described as a "wave of macro forces" that is colliding with market positioning and creating an atypical situation, born in part from a rapid interest from the Asian market, a breakdown of otherwise strict patterns and the Trump administration's crypto policies. As for Bitcoin, its next hurdle is to clear its all-time high of $123,205. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
2 days ago
- Business
- UPI
Bitcoin, Ether on the rise as crypto surges
Aug. 11 (UPI) -- Bitcoin nearly hit an all-time high on Monday as demand from commercial treasury buyers and established investors lifted the digital asset market overall. Cresting to as much as 3.3% to exceed $122,000, Bitcoin just missed a previous record reached last month. Ether had a big weekend by surging over $4,300, its highest climb since December of 2021. Bitcoin traded at approximately $121,200 as of 6:15 a.m. EDT, while Ether reached $4,250. The gains rode a wave of swelling interest in cryptocurrencies from digital-asset treasury companies that have achieved a Bitcoin stash worth $113 billion. "If you don't stop buying Bitcoin, you won't stop making money," Michael Saylor, Founder and Chairperson of Bitcoin treasury company Strategy, posted to X Sunday. Similar groups have also amassed around $13 billion of Ether as well, and its options markets reflected the optimistic attitude with a total put-call ratio of 0.40. The alignment of Bitcoin and Ether looks to be heading into September and December with calls in line with macro rate-cut timing and further adoption by the traditional financial system, according to Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd. "Second-ranked cryptocurrency Ether outpaced rivals over the weekend to lead a broad rally in digital assets, as demand from institutional investors and corporate treasury buyers builds," McNulty posted to X Sunday. The digital asset research firm 10x Research posted a blog Monday stating that "Something big just shifted in Bitcoin's backdrop," which it described as a "wave of macro forces" that is colliding with market positioning and creating an atypical situation, born in part from a rapid interest from the Asian market, a breakdown of otherwise strict patterns and the Trump administration's crypto policies. As for Bitcoin, its next hurdle is to clear its all-time high of $123,205.
Mint
2 days ago
- Business
- Mint
This cryptocurrency just led the weekend rally to a new four-year high — And it's not bitcoin
The cryptocurrency market experienced a significant surge over the weekend, with the second-largest digital asset, Ethereum (ETH), also known as Ether, leading the charge and outperforming its rivals, including Bitcoin. The rally was fueled by increasing demand from institutional investors and corporate treasury buyers, according to Bloomberg. Ether's price climbed as much as 2.9% on Monday morning in Asia, pushing its value above $4,300, its highest level since December 2021. The top-performing cryptocurrency and Ether's rival, Bitcoin, topped $121,000 to come within striking distance of a record high. A major driving factor for Ether's recent gains is the growing interest from large-scale investors. Data compiled by Bloomberg indicates that more than $6.7 billion has poured into the nine US-listed exchanged-traded funds (ETFs) for Ether this year alone. Additionally, the so-called digital-asset treasury companies, which are public entities that hold cryptocurrencies, have stockpiled around $13 billion of Ether so far, giving it a massive boost. This strong inflow into Ether over Bitcoin points to a 'massive positive sentiment shift' for the digital asset, said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX Ltd, told Bloomberg. The bullish sentiment surrounding Ether is reflected in the options markets. Data from Deribit shows an overall put-call ratio of 0.39, indicating that most traders are betting on a price jump. The highest concentration of call options with a December 26 expiry is at $6,000, suggesting that many investors believe Ether has significant room to rise, Bloomberg reported. Eric Trump, son of US President Donald Trump, publicly praised the Ether rally on X (formerly Twitter). This comes as reports emerge of a Trump family-backed venture, World Liberty Financial (WLFI), planning to establish a public company that would hold its WLFI tokens. Ether has experienced its most significant monthly return in three years, rising by as much as 56%. This surge has been compared to the performance of '90s tech stocks, driven by substantial inflows into ETFs, according to crypto-exchange platform Binance.
Business Times
2 days ago
- Business
- Business Times
Ether leads weekend crypto rally as treasury buyers boost token
[SINGAPORE] Second-ranked cryptocurrency Ether outpaced rivals over the weekend to lead a broad rally in digital assets, as demand from institutional investors and corporate treasury buyers builds. Ether rose as much as 2.9 per cent on Monday (Aug 11) morning in Asia to more than US$4,300, its highest level since Dec 2021, while Bitcoin topped US$121,000 to come within striking distance of a record-high. The rise comes off the back of mounting interest in Ether among large investors. More than US$6.7 billion has poured into the nine US-listed exchange-traded funds for Ether this year. So-called digital-asset treasury companies, listed vehicles that pivot into accumulating cryptocurrencies, are also giving Ether a boost. They have stockpiled some US$13 billion of Ether so far, according to data compiled by Flows into Ether over Bitcoin constitute a 'massive positive sentiment shift driven by strong spot exchange traded fund inflows, growing corporate treasury adoption and a broader stablecoin tailwind', said Sean McNulty, derivatives trading lead of Apac at digital-asset prime brokerage FalconX. Eric Trump, son of US President Donald Trump, who has financial interests in several digital-asset entities, applauded the Ether rally in a post on X. Bloomberg News reported on Friday that big investors are being sounded out on a plan for World Liberty Financial, the Trump family-backed venture, to set up a public company that would hold its WLFI tokens. Ether options markets reflected the bullish sentiment with an overall put-call ratio of 0.39. The highest concentration of call options with a Dec 26 expiry is at US$6,000, according to Deribit data. BLOOMBERG
