Weekly Crypto Update: Ethereum Hits ATH at $4,900

Volatility dominated the crypto markets between August 18–24, 2025. Bitcoin (BTC) started strong near $118,000 but dropped to $112,481 on August 20 after U.S. inflation data triggered $1B+ in liquidations. A brief recovery to $116,929 on August 21 wasn’t enough to hold ground, and BTC closed the week lower at $114,460 (–3%), trimming its market cap from $2.33T -> $2.30T.

The real star was Ethereum (ETH). After dipping to $4,080 mid-week, ETH surged nearly 15%, smashing its all-time high by closing around $4,866–$4,905 on August 23–24. This run, fueled by Powell’s dovish Jackson Hole speech hinting at September rate cuts, also highlighted ETH’s massive 250% rebound since April lows.

Ethereum ETFs confirmed the rotation: following $580M outflows pre-speech, inflows exploded to nearly $600M in the final days of the week bringing total August inflows to $2.8–$2.96B and pushing ETF holdings above 6.4M ETH. ETH is now leading institutional adoption momentum, while BTC consolidates.

Top Gainers 📈

$NEON (+129%)

• Boosted by Samsung settlement update.
• Renewed investor confidence drove rapid accumulation.

$QTUM (+48%)

• Over 40k tokens generated from staking rewards.
• Rising yield narrative attracted fresh inflows.

$SPON (+29%)

• Surpassed 200k network users, fueling adoption hype.
• Positive growth outlook reinforced momentum.

$CFG (+27%)

• Monthly trading volume surged 4,000%.