August 2025 saw Bitcoin reach an all-time high of over $123,000, while Ethereum climbed closer to its previous record. This occurred amidst market volatility and strong institutional demand. While Bitcoin faced selling pressure, the surge in Ethereum is largely attributed to significant inflows into exchange-traded funds (ETFs). Market observers point to Blackrock’s record $1 billion investment as a key driver for this upward movement. Joel Kruger of LMAX Group explains, ‘Broader capital markets are offering strong support with the S&P 500 and Nasdaq near all-time highs due to positive inflation signals and potential Fed easing’. These factors, combined with institutional activity, fueled Ethereum’s rapid growth. This trend signifies a significant shift in market dynamics as institutions become increasingly involved in the crypto space. The next few weeks will likely see more activity from these players as they continue to assess their risk appetites.