Bitcoin Hits New All-Time High At $124,000 While Ethereum And Most Altcoins Thrive
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This Week’s Summary
- The cryptocurrency market looks set to end the week at a total market capitalization of around $4.03 trillion.
- Bitcoin has maintained its trading value at around $118,00 after setting a new all-time high at $124,000.
- Ethereum gained nearly 8% to trade at around $4,500.
- XRP moved down 2%, Solana moved up 8%, and Dogecoin moved up 4%.
- Almost all altcoins have been seen trading in the green, with very few exceptions.
- The DeFi sector increased the total value of protocols (TVL) to around $155 billion.
Crypto Trends for the Week of Aug. 11-17, 2025: Market Analysis and Performance
The cryptocurrency market appears set to close another great week as most cryptocurrencies have recorded spectacular gains. While the much-anticipated meeting between Donald Trump and Vladimir Putin dominated the news, the cryptocurrency market kept rolling on with confidence.
The end of this week in cryptocurrency has been more positive than the end of that particular meeting, and the space has seen the overall market capitalization surpass the $4 trillion mark.
Bitcoin started the week trading at around $118,000. The king of cryptocurrencies did not lose a single second dropping below that margin. On the contrary, it surged with a fantastic force to set a new all-time high at $124,457. That event occurred on Thursday and made the headlines everywhere.
Unfortunately, it didn’t manage to remain above the $120,000 threshold for too long. Nevertheless, BTC retreated to its comfort zone at around $118,000, which has been more than reassuring for its supporters.
Ethereum also had an excellent week, coming only $100 short of its all-time high at $4,891. Despite falling back to $4,500, ETH has remained hopeful that it could set a new all-time high record soon. In fact, many industry experts see its potential as a consistent gains generator in the months to come.
Altcoins & DeFi
Most altcoins have recently been trading in the green, with some exceptions. For example, XRP moved down 2%, Solana moved up 8%, Cardano moved up 21%, Avalanche moved up 6%, Sui moved up 1%, Chainlink moved up 17%, TRON moved up 4%, and Toncoin moved up 6%. On the other hand, Stellar fell down by 3%.
The memecoins have also moved in interesting ways recently. For instance, Dogecoin moved up 4%, Shiba Inu moved down 2%, and Pepecoin moved down 5%.
The Metaverse sector also witnessed some notable movements over the past week. For instance, Axie Infinity moved down 2%, The Sandbox moved up 3%, and Floki moved down 7%. Meanwhile, Decentraland fell down 2%, Render rose up 4%, and ApeCoin rose up 2%. Stacks decreased by 3%, Virtuals by 4%, and MultiversX by 1%. On the other hand, Wemix moved up by 1%.
The DeFi sector added nearly $6 billion to the total value locked in protocols (TVL), reaching around $155 billion.
What’s in the News?
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New massive BTC purchases in the corporate world saw Strategy buying 155 BTC for $18 million and Metaplanet acquiring 518 BTC for over $61 million.
Next Week’s Crypto Market Forecast
The cryptocurrency market finally recorded two excellent trading weeks in a row. This unexpected trajectory has benefited new and veteran investors as the sector has continued to build up its liquidity. The overall market sentiment has remained positive, and it should continue that way into the following week.
About the Author
Born and raised in Romania, and currently living in Spain, Iulian discovered a knack for writing from a tender age, and he even won some minor awards for fiction that didn't pay much.
Iulian became a content writer in 2011, and he is still doing it to some degree of success today. He is currently specialized in cryptocurrencies, technology, online marketing, and social media. In his free time, Iulian likes reading, traveling, and watching sports. His dream is to see Bitcoin reach $100,000 just so he can tell his friends “I told you so."
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