CoinDesk Podcast Network Ether Tops $4.3K on Weekend Rally, What's Next? | COINDESK DAILY
Aug 11, 2025
Ether's recent surge to over $4,300 is discussed, highlighting its influence on Bitcoin's price trajectory, despite concerns over U.S. institutional demand. A major corporation’s strategy of accumulating Bitcoin also reflects a growing trend among investors. Additionally, the podcast unveils Midnight, a privacy-focused blockchain that promises to give users greater control over their data. Harvard's investment in Bitcoin through BlackRock emphasizes the increasing interest of prestigious institutions in the crypto space.
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Altcoin-Led Rally Drives Bitcoin
- Ethereum's weekend surge to $4,300 pushed Bitcoin back toward $120,000.
- FXPro's Alex Koptikovic says this is one of the rare times altcoins inspired Bitcoin's breakout.
Warning Signs Behind Bitcoin's Rally
- Coinglass shows Coinbase trading at a discount versus Binance, signaling weaker U.S. institutional demand.
- Overall spot and futures volumes are lower than July’s peak, which weakens the rally’s depth.
Ethereum Bullish but Profit-Taking Risk Looms
- Deribit shows ETH call open interest about 2.3x puts and on-chain activity supports the move.
- Yet Centora reports 97% of ETH addresses are in profit, creating strong incentive to take gains.