Share this article
Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs
ETH’s strength has been underpinned by pro-crypto regulatory signals and heavy inflows into ETFs, with traders betting on a retest of its all-time high, some say.
Updated Aug 11, 2025, 4:45 a.m. Published Aug 11, 2025, 4:29 a.m.
Make us preferred on Google
What to know:
- Ether (ETH) surged over 21% in the past week, reaching $4,300, while Bitcoin (BTC) rose 3% to hit record highs.
- The S&P 500 and Nasdaq reached near all-time highs, driven by strong earnings despite political and economic challenges.
- ETH's performance is bolstered by regulatory support and ETF inflows, with expectations of continued price increases for both ETH and BTC.
Crypto markets began Monday on a high note, with ether up more than 21% over the past seven days to $4,300 and bitcoin climbing 3% to within touching distance of record highs.
BTC led gains among majors in the past 24 hours, with Solana’s SOL , XRP , , and BNB Chain’s BNB rising nearly 1%, but reversing all profit-taking from the weekend to start the week in green.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The S&P 500 recovered from last week’s post-payrolls dip to near all-time highs, while the Nasdaq set a new record on strong earnings, shrugging off political noise and fresh U.S. import taxes.
ETH has outperformed sharply against this macro backdrop, driving a divergence in short-dated implied volatility between majors.
“BTC IV remains near all-time lows while ETH has jumped materially,” said Augustine Fan, Head of Insights at SignalPlus, told CoinDesk in a Monday note.
“Term structure on ETH is inverted, with long-dated vol expected to settle near 70%, while BTC’s curve is the opposite — short-dated vol heavily compressed with spot stuck around $120K. A month ago, markets priced just a 5% chance of ETH hitting $4.5K in August; spot has far outpaced those expectations," he added.
ETH’s strength has been underpinned by pro-crypto regulatory signals and heavy inflows into ETFs, with traders betting on a retest of its all-time high. Bitcoin, which has been slower to respond, is now showing signs of catching up, suggesting that institutions are less hesitant to add exposure across the board.
“Given the strong rally over the weekend, we expect prices for both BTC and ETH to continue to rise, barring any tariff shocks,” said Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.“Traders should also watch developments around the next Fed chair nomination, plus this week’s CPI and PPI releases, which could shape rate-cut expectations,” Mei added.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits
Anthropic is set to raise $20 billion in its latest funding round, double the amount it initially targeted, according to the FT.
What to know:
- Anthropic, the maker of the Claude chatbot, is set to raise about $20 billion in new funding at a valuation of $350 billion, according to the Financial Times.
- That's double the amount the company initially sought to raise.
- The news is boosting spirits in the AI sector, with bitcoin miners turned AI infrastructure providers like IREN, TeraWulf, Cipher Mining and Hut 8 surging higher.
Top Stories
