🚀 Bitcoin Smashes Records: $124K ATH as Ethereum & Altcoins Ride the Wave

Bitcoin just rewrote the rulebook—blasting past $124,000 in a historic rally. Meanwhile, Ethereum and altcoins aren’t just tagging along—they’re carving their own bullish narratives. Here’s the breakdown.

The BTC Domino Effect

When Bitcoin sneezes, the crypto market catches a cold. Except this time, it’s raining gains. The king of crypto didn’t just break its all-time high—it atomized it. Traders who doubted $100K resistance are now scrambling to recalibrate their price models (and egos).

Altcoins: No Longer Benchwarmers

Ethereum’s not just thriving—it’s flirting with scalability solutions that could finally silence the ‘overpriced gas’ trolls. And altcoins? They’re feeding off Bitcoin’s momentum like Wall Street hedges feeding off retail FOMO. Some things never change.

The Cynical Take

Let’s be real—half the ‘thriving’ altcoins are just dead memes with a fresh coat of paint. But hey, in a market where ‘number go up’ is the only theology, even the sketchiest projects get their 15 minutes. Just don’t be the bagholder when the music stops.

This Week’s Summary

• The crypto market ends the week at a total market capitalization of $4.03 trillion.
• Bitcoin maintains its trading value at around $118,00 after setting a new ATH at $124K.
• Ethereum gained nearly 8% to trade at around $4,500.
• XRP is down 2%, Solana is up 8%, and Dogecoin is up 4%.
• Almost all altcoins are trading in the green, with very few exceptions.
• The DeFi sector increased the total value of protocols (TVL) to around $155 billion.

Crypto Trends 11 – 17 August 2025: Market Analysis and Performance

The crypto market closes another great week as most cryptocurrencies record spectacular gains. While the much-anticipated meeting between Donald Trump and Vladimir Putin dominated the news, the crypto market kept rolling on with confidence. The end of this week in crypto is more positive than the end of that particular meeting and sees the overall market capitalization surpass the $4 trillion mark.

Bitcoin started the week trading at around $118,000. The king of cryptocurrencies did not lose a single second dropping below that margin. On the contrary, it surged with a fantastic force to set a new ATH at $124,457. That event occurred on Thursday and made the headlines everywhere. Unfortunately, it didn’t manage to remain above $120,000 for too long. Nevertheless, BTC retreated to its comfort zone at $118,000, which is more than reassuring for its supporters.

Ethereum also had an excellent week, coming only $100 short of its ATH at $4,891. Despite falling back to $4,500, ETH remains hopeful that it will set a new all-time high record soon. In fact, many industry experts see it as a consistent gains generator in the months to come.

Altcoins & DeFi

Most altcoins are trading in the green, with some exceptions. For example, XRP is down 2%, Solana is up 8%, Cardano is up 21%, Avalanche is up 6%, Sui is up 1%, chainlink is up 17%, TRON is up 4%, and Toncoin is up 6%. On the other hand, Stellar is down by 3%.

The memecoins also saw some interesting trajectories. For instance, Dogecoin is up 4%, shiba inu is down 2%, and Pepecoin is down 5%.

The Metaverse sector has also seen notable movements in the past week. For instance, Axie Infinity is down 2%, The Sandbox is up 3%, and Floki is down 7%. Meanwhile, Decentraland is down 2%, Render is up 4%, and ApeCoin is up 2%. Stacks decreased by 3%, Virtuals by 4%, and MultiversX by 1%. On the other hand, Wemix is up by 1%.

The DeFi sector added nearly $6 billion to the total value locked in protocols (TVL), reaching around $155 billion.

Crypto Market Analysis – What’s in the News?

• New massive BTC purchases in the corporate world saw Strategy buying 155 BTC for $18 million and Metaplanet acquiring 518 BTC for over $61 million.

Next Week’s Crypto Market Forecast

The crypto market finally gets two excellent weeks in a row. This unexpected trajectory benefits new and veteran investors as the sector builds up its liquidity. The overall market sentiment remains positive, and it should continue that way into the following week.