Ether, the second-largest cryptocurrency, plummeted by 8% on Monday to $4,431.60, erasing gains from its Jackson Hole rally. However, it still reached an all-time high of $4,954.81 over the weekend.
Bitcoin fell 2% to $110,531.00, its lowest level since July. The flagship cryptocurrency hit a record high of $124,496 on August 13.
Ether has been leading the crypto market for several weeks, thanks to regulatory tailwinds and a surge in interest in tokenization. This shift has helped support prices, which have sustained above the $4,000 mark this month.
According to Ben Kurland, CEO at crypto research platform DYOR, “The buyers are finally bigger than the sellers.” Ether ETFs drew in $341 million in inflows on Friday, its second consecutive day of positive flows. This is attributed to institutional investors treating ether as a treasury asset for yield.
Regulatory developments and improved staking solutions have further boosted demand for ether. With rate cuts on the table, the cost of capital is falling, making it an attractive investment option. This has turned $4,000 into a foundation for re-pricing ether’s next chapter.
Source: https://www.cnbc.com/2025/08/24/crypto-market-today.html