Market in Full Green: Bitcoin price stayed firm at $119,369, Ethereum jumped 8.42% to $4,676, and all top ten cryptocurrencies posted 24-hour gains.
ETF Momentum Boosts Prices: Bitcoin spot ETFs logged $65.94 million in net inflows on August 12, their fifth consecutive day of gains.
Major Industry Updates: Do Kwon pleaded guilty in the Terra case and Circle announced its Arc blockchain launch.
Crypto prices today on August 13 show positive momentum, with all major tokens showing 24-hour gains. The total global crypto market cap stands at $4.06 trillion, up by 2.29%, according to CoinMarketCap data. Bitcoin price held steady at $119,369, while Ethereum recorded a strong 8.42% daily jump. Crypto market is up today on renewed investor enthusiasm, rising ETF inflows, and favourable crypto policies in the US.
Let’s see how the top ten tokens performed today:
Bitcoin traded at $119,369.27, marking a 0.21% gain over the past 24 hours. The asset maintained a market cap of over $2.37 trillion and recorded a $74.95 billion daily trading volume. With a circulating supply of 19.9 million BTC, Bitcoin continues to dominate the market.
The hike can be attributed to rising inflows and favourable regulatory developments in the US. On August 12, 2025, Bitcoin spot ETFs recorded a net inflow of $65.94 million, marking the fifth straight day of positive inflows. Overall, the spot ETFs now hold $155.016 billion in assets, representing 6.48% of BTC’s total market value, with cumulative net inflows since inception reaching $54.671 billion.
Ethereum price today echoed the positive market sentiment, climbing 8.42% in the last 24 hours to $4,676.09. Its market capitalization reached $563.37 billion, with trading volumes crossing $63.38 billion. According to Binance, the US Ethereum ETF has increased with a fresh net inflow of $523.9 million on August 12, 2025.
Also Read: Crypto Prices Today: Bitcoin Price Falls to $119,133, XRP at $3.16 and Solana at $176.49
Altcoins have followed Bitcoin and Ethereum’s price momentum, registering gains. The Altcoin Season Index has climbed to 35, up from 29 on August 11. This means that over the past 90 days, 35 of the top 100 cryptocurrencies by market cap have delivered stronger returns than Bitcoin. The CMC Altcoin Season Index tracks, in real time, whether market momentum is favoring altcoins by comparing their performance against Bitcoin across the top 100 assets.
Solana led the altcoin rally with an increase of 12.35% to $198.14, showing 22.01% weekly growth. Cardano rose 8.52% to $0.8529, posting 19.50% weekly gains. XRP advanced 2.67% to $3.24, maintaining its third-place market position. TRON added 2.20% to $0.3547, market cap $33.59 billion. BNB climbed 3.20% to $838.16, reflecting Binance ecosystem strength. Dogecoin, the only meme coin on the list, jumped 6.16% to $0.2399, continuing its 22.14% weekly rally.
Stablecoins remained stable. USDT traded at $0.9998 with a $165.0 billion market cap, and USDC was at $0.9997 with a $66.35 billion market cap.
Here are the latest macrodevelopments impacting crypto prices today and beyond:
Terraform Labs co-founder Do Kwon pleaded guilty to two felony charges, wire fraud and conspiracy to defraud, in the US District Court for the Southern District of New York. The plea deal includes $19 million in penalties, with prosecutors agreeing not to seek more than 12 years in prison. Sentencing is set for December 11.
USDC issuer Circle announced plans to launch its Arc blockchain, a Layer-1 network compatible with the Ethereum Virtual Machine. Arc will use USDC as its native gas token and target stablecoin payments, FX, and capital markets. Circle reported a 53% year-over-year increase in Q2 revenue, reaching $658 million.
Ethereum core developer Federico Carrone confirmed his release after a 24-hour detention in Turkey over alleged ties to a privacy protocol. Carrone said the case is ongoing and linked to a 2022 research paper on Ethereum and Tornado Cash.
Also Read: Crypto News Today: Ethereum Hits Multiyear High, Do Kwon Pleads Guilty, Crypto ETFs Surge
Analysts view the latest price moves as part of a healthy market upswing, with strong altcoin momentum suggesting continued investor confidence. Bitcoin's stability at elevated price levels displays a maturing market. Meanwhile, Ethereum's strong gains suggest continued innovation in decentralized finance and smart contract applications.
Upcoming regulatory updates and macroeconomic data are expected to guide short-term direction. The combination of legal resolution, technological advancement, and sustained institutional interest suggests continued evolution toward mainstream financial integration.
White House Crypto Council Leadership Shift: Patrick Witt to Replace Bo Hines
1. Why is Ethereum outperforming Bitcoin today?
Ethereum's 8.42% daily gain reflects increased activity in DeFi protocols, continued smart contract adoption, and anticipation of network upgrades. The 30.88% weekly performance demonstrates sustained investor confidence in Ethereum's ecosystem growth.
2. How significant is Do Kwon's guilty plea for the crypto industry?
The plea agreement provides important regulatory precedent for cryptocurrency enforcement actions. While representing accountability for the Terra collapse, it also establishes clearer legal boundaries for project operators and may reduce uncertainty around regulatory approaches.
3. What makes Circle's Arc blockchain different from existing networks?
Arc's unique feature is using USDC as the native gas token, eliminating the need for separate cryptocurrencies for transaction fees. This design specifically targets stablecoin payments and traditional financial applications, potentially bridging traditional finance with blockchain technology.
4. Should investors be concerned about the developer detention in Turkey?
While concerning for individual developers, the quick resolution demonstrates that legitimate research activities receive appropriate legal protection. However, it highlights the importance of understanding local regulations when conducting blockchain-related activities internationally.
5. What price levels should Bitcoin investors watch?
Key support levels include $115,000 and $110,000, while resistance appears around $125,000. Maintaining current levels above $119,000 suggests continued bullish sentiment and institutional support for Bitcoin's long-term value proposition.
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