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Weekly crypto update (Aug 18–24, 2025): Ethereum hits ATH on Powell’s dovish speech, ETH ETFs see inflows, while Bitcoin dips
Author: Chirag Sharma
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.
$NEON (+129%)
$QTUM (+48%)
$SPON (+29%)
$CFG (+27%)
$TLOS (+20%)
$GP (–34%)
$EDGE (–29%)
$HOME (–21%)
$SAROS (–20%)
$KTA (–14%)
This weekly crypto update underscored a sharp divergence: Bitcoin steadied but trended lower, while Ethereum broke its ATH on institutional inflows and Powell’s policy optimism. Altcoin rotations continued, with selective projects like $NEON and $QTUM surging while others corrected on profit-taking.
Going into late August, the market’s key focus will be:
