Crypto: Market Highlights & Price Moves

Market Highlights & Price Moves.

Ethereum (ETH) hits a new all-time high: It has broken above its November 2021 peak of $4,878, trading briefly around that mark, fueled by growing institutional interest and favorable regulatory signals surrounding staking.

DL News

Bitcoinsensus

Ethereum rally driven by a dovish Fed outlook: Comments from Federal Reserve Chair Jerome Powell suggesting a possible interest rate cut in September spurred gains. ETH surged by double digits at points, while Bitcoin (BTC) saw noticeable upward momentum.

The Motley Fool

CoinDesk

crypto.news

Fortune

Bitcoin (BTC) and XRP face pressure: On-chain data from Santiment shows a decline in the percentage of coins held in profit—BTC dropped to ~92.1% (from 100%) and XRP to ~91.7% (from 98.2%)—indicating waning investor confidence and heightened downside risks.

FXStreet

Bitcoin hovers near $116,000: Per live updates, BTC trades around $116K with a market cap over $2.3 trillion, and shows modest gains in the last 24 hours.

Moneycontrol

Institutional Moves & Financial Innovation

VanEck files for a staked Solana (JitoSOL) ETF: This proposed ETF would track a liquid staking token representing staked SOL and its rewards, marking a major push to bring staking-based products into traditional finance.

The Economic Times

World Liberty Financial purchases 1,076 ETH (~$5 million): As part of a broader strategic crypto expansion, this institutional investor added Ethereum to its holdings.

AInvest

Regulatory & Media Signals

Investors await Powell’s full Jackson Hole address: The crypto market remains cautious, consolidating in key technical ranges as the final remarks from the Federal Reserve at the Jackson Hole symposium are anticipated.

Business Standard

Crypto satire on TV: The latest episode of South Park satirized the intersection of AI, Bitcoin, and political marketing, reflecting growing cultural awareness of crypto’s public perception.

AInvest

Contextual Summary

Ethereum is leading the charge today with all-time highs, underpinned by Fed optimism and institutional engagement.

Bitcoin and XRP, by contrast, face technical headwinds, particularly as investor conviction weakens.

Innovations like staking ETFs and institutional crypto allocators signal continued integration of digital assets with traditional finance.

Market direction hinges on Fed policy signals, particularly Powell’s comments today; markets appear primed for further volatility or upside.