Bitcoin News Today: Bitcoin Near All-Time High as Ethereum Breaks $4,000 Resistance With Strong ETF Inflows

Bitcoin and Ethereum have both experienced significant price movements, drawing attention as the market speculates which might reach a new high this week. Bitcoin, currently trading near $119,900, has risen 28% year-to-date and is approaching its all-time high of $123,218 [1]. The recent rally is partly attributed to increased activity in Asian markets and the U.S. debt expansion under the Big Beautiful Bill, which raised the country’s debt ceiling by $5 trillion [4]. This has created a favorable environment for Bitcoin as a store of value, irrespective of broader macroeconomic conditions [4].

Ethereum has also shown strong momentum, reaching as high as $4,350 earlier in the week and breaking through its four-year resistance level of $4,000 [2]. The token is now trading near $4,256.90, a level not seen since 2021 [4]. Ethereum’s performance has been supported by robust inflows into ether-linked products, including ETFs, which saw over $326 million in inflows last week [4]. These figures surpass the $246 million in Bitcoin ETF inflows during the same period [4].

Analysts remain divided on the sustainability of Ethereum’s rally. Some predict it could set a new all-time high, potentially triggering a brief altcoin season [9]. However, the broader crypto market is influenced by traditional asset movements. U.S. equity futures briefly approached all-time highs before retreating, which had a slight downward effect on crypto assets [4]. Despite this, stocks of major crypto-linked companies—such as Coinbase, Circle, and Galaxy Digital—have all recorded gains, reflecting growing investor confidence in the sector [4].

Bitcoin’s next key resistance level is at $133,000, which analysts see as a critical milestone that could reinforce its legitimacy in mainstream financial products like 401(k) plans [1]. For Ethereum, the $4,500 level will be pivotal in determining whether it can maintain its upward trajectory toward its 2017 high [8]. Whether either token achieves a new peak will depend on continued inflows, macroeconomic developments, and overall investor sentiment toward risk assets [4].

Sources:

[1]title1 (https://www.investors.com/news/bitcoin-price-ethereum-high-inflows-sec-project-crypto-401ks/)

[2]title2 (https://www.mitrade.com/insights/crypto-analysis/others/fxstreet-BTCUSDETHUSDXRPUSD-202508111144)

[4]title4 (https://www.cnbc.com/2025/08/11/crypto-market-today.html)

[8]title8 (https://beincrypto.com/altcoins-hit-all-time-highs-second-week-of-august/)

[9]title9 (https://coindoo.com/analysts-split-on-whether-ethereums-rally-can-last/)