Bitcoin News Today: Crypto Market Surges 2.3% on Strong Institutional Inflows and Bullish On-Chain Signals

The cryptocurrency market experienced a broad-based rally on August 13, 2025, with more than 90 of the top 100 cryptocurrencies posting gains over the past 24 hours. The total market capitalization rose by 2.3%, reaching $4.12 trillion, while trading volume climbed to $201 billion, the highest in several days. Bitcoin (BTC) and Ethereum (ETH) led the upswing, with BTC up 0.4% to $119,052 and ETH surging 8.3% to $4,634. Solana (SOL) was the standout performer, rising 12.3% to $196.7 [1].

Several on-chain indicators pointed to strong short-term demand in the market. Glassnode reported that newer BTC buyers are paying a premium, suggesting bullish momentum [2]. Additionally, the cost basis of short-term holders has risen above that of medium-term holders, reinforcing the idea that fresh buying pressure is still robust. This trend is seen as a sign of continued investor confidence, particularly as the broader market anticipates potential Federal Reserve rate cuts in September. The latest U.S. Consumer Price Index (CPI) data showed stable inflation levels, reinforcing these expectations, though some critics remain skeptical about the Fed’s readiness to cut rates given the inflationary backdrop [3].

Institutional adoption also played a role in the positive sentiment. U.S. Ethereum (ETH) ETFs saw significant inflows of $523.92 million, with BlackRock’s ETF leading the charge with $318.67 million in inflows. In contrast, U.S. Bitcoin ETFs recorded a much smaller inflow of $66 million [4]. Analysts have noted that the surge in corporate treasury holdings of Bitcoin could further bolster its acceptance and drive sentiment in traditional finance. James Toledano, Chief Operating Officer at Unity Wallet, highlighted that Bitcoin’s price is heavily influenced by sentiment and that increased institutional adoption can act as a catalyst for further gains [5].

The crypto fear and greed index climbed to 63 from 60 the previous day, indicating a shift toward more optimistic market sentiment. While the index remains within the greed zone, it does not suggest an imminent market correction, with many investors maintaining a cautious but optimistic stance. Dom Harz of BOB commented that the cryptocurrency market’s capitalization surpassing that of Apple is a reflection of strong investor sentiment and growing mainstream adoption [6].

Looking at Bitcoin’s price action, it has been fluctuating within a range of $118,252 to $120,203. Analysts at Bitunix noted that the $120,000–$123,000 range is a high-density supply zone, and a breakout above this level on strong volume could lead to further gains. However, without sufficient buying pressure, the price may face rejection and a potential pullback. Ethereum, meanwhile, continues to push toward its previous all-time high of $4,878, having appreciated by 29.3% in the past week [7].

The rally also extended to altcoins, with several tokens posting double-digit gains. Binance Staked SOL (BNSOL) rose 12.5% to $210.87, followed by Jito Staked SOL (JITOSOL) at 12.3%. Solana and Pump.fun also saw strong performances. On the downside, Monero (XMR) fell the most, declining 5.2% to $246.99, while Provenance Blockchain (HASH) dropped 3.3% to $0.02858 [8].

The market is still largely driven by macroeconomic factors, particularly developments in the U.S. economy. While concerns over tariffs and economic health have diminished, the focus has shifted to inflation data and the Fed’s policy outlook. The market’s reaction to the CPI report suggests that investors are preparing for a rate-cut cycle, which could support risk-on assets like crypto and equities. The S&P 500, Nasdaq-100, and Dow Jones all saw gains on the back of the report, aligning with the crypto market’s upward movement [9].

As the market continues to consolidate gains, investors are advised to monitor key levels and macroeconomic developments. A potential breakout above $123,250 for Bitcoin could set the stage for a new leg upward, potentially toward $127,000. Conversely, a bearish reversal could see the price dip to $113,650 or even $110,675. With institutional inflows and bullish on-chain indicators reinforcing a positive outlook, the crypto market appears to be in a strong position to continue its upward trajectory in the near term.

Source:

[1] https://cryptonews.com/news/why-is-crypto-up-today-august-13-2025/

[2] https://twitter.com/glassnode/status/155****222222222222