Bitcoin Holds $115,000 as Ethereum ETFs Reverse Outflows and Solana Surges
The U.S. Federal Reserve Chair Jerome Powell spoke at Jackson Hole on Friday, striking a softer tone on interest rates.
His words supported risk assets, lowered Treasury yields, and weakened the dollar. That shift gave cryptocurrencies a strong push overnight.
Bitcoin rose 2.3% to $115,750 after briefly dipping below $113,000 before Powell’s remarks. Ethereum led the market, climbing 8.9% to $4,722 after briefly touching $4,882, a new record high.
Solana followed with an 11.7% gain to $205, while XRP added 6.4% to $3.06. Litecoin rose 4.8% to $122.
Smaller tokens also rallied, with Arbitrum up 16.6%, AAVE up 13.6%, and several microcaps showing extreme volatility.
ETF flows confirmed the divide between Bitcoin and Ethereum. Spot Ethereum funds logged $288 million in net inflows on Thursday, their first positive day in a week.
Bitcoin ETFs, by contrast, recorded another $23 million in outflows, their sixth straight day of redemptions.
This divergence suggests that institutional appetite is shifting toward Ethereum after its recent price strength.
Technical analysis highlights a market at a key crossroad. On the four-hour Bitcoin chart, momentum improved after the rebound, with the Relative Strength Index at 55 and the MACD turning positive.
Bitcoin Holds $115,000 as Ethereum ETFs Reverse Outflows and Solana Surges
A close above $117,000 would confirm a breakout, while a failure to hold $114,000 could trigger renewed selling.
On the daily chart, Bitcoin trades near major moving averages clustered at $115,000–$116,000. The RSI sits near neutral at 49, and the daily MACD remains slightly negative.
This points to a range-bound structure until buyers establish control above $117,000. Bollinger Bands show price mid-range, with volatility moderate after sharp swings earlier this month.
Ethereum’s rally and ETF inflows suggest the asset is pulling broader market sentiment higher. Solana’s surge above $200 shows how traders rotate into higher-beta assets during Ethereum-led rallies.
Volume confirms the move, with Solana recording $407 million in 24-hour trading, Ethereum $2.24 billion, and Bitcoin $1.16 billion.
Global liquidity conditions also shaped price action. The liquidity index on the chart shows a steady upward trend, reflecting easier financial conditions after Powell’s speech.
This index often leads crypto demand, and the recent uptick supports further short-term gains.
Markets now look toward whether Bitcoin can break resistance at $117,000 and whether Ethereum ETFs sustain inflows.
If momentum holds, attention could quickly shift toward the $120,000–$121,000 area for Bitcoin and the $5,000 mark for Ethereum.
Live Market IntelligenceCrypto — Live Market Board
Rio Times · Live Market Intelligence
Crypto — Live Market Board
-0.26%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| BTC | 63,384 | -0.26% | -47.24% | 63,552 | 64,346 | 63,305 | 22,774,743,040 |
| ETH | 1,886 | +0.26% | -58.90% | 1,881 | 1,920 | 1,879 | 7,916,475,392 |
| SOL | 75.89 | -0.40% | -60.44% | 76.20 | 76.99 | 75.39 | 1,473,821,056 |
| XRP | 1.01 | -1.15% | -69.07% | 1.02 | 1.02 | 1.01 | 1,144,044,416 |
| BNB | 609.60 | -1.12% | -26.81% | 616.50 | 619.30 | 609.23 | 1,266,706,432 |
| ADA | 0.18 | -1.98% | -78.22% | 0.19 | 0.19 | 0.18 | 238,085,632 |
| DOGE | 0.07 | -1.56% | -70.00% | 0.07 | 0.07 | 0.07 | 553,256,192 |
| AVAX | 6.38 | +1.04% | -74.11% | 6.32 | 6.42 | 6.21 | 248,470,560 |
| LINK | 8.77 | -0.06% | -62.73% | 8.77 | 8.87 | 8.68 | 317,054,880 |
| DOT | 0.78 | -0.75% | -81.11% | 0.79 | 0.80 | 0.78 | 43,490,492 |
| LTC | 45.08 | -0.85% | -65.45% | 45.47 | 45.59 | 44.98 | 143,727,712 |
| BCH | 213.85 | +0.10% | -65.44% | 213.64 | 215.69 | 212.54 | 137,956,688 |
| TRX | 0.34 | +0.28% | -4.73% | 0.33 | 0.34 | 0.33 | 436,576,064 |
| XLM | 0.16 | -1.33% | -64.46% | 0.16 | 0.16 | 0.16 | 89,559,864 |
| HBAR | 0.07 | -0.53% | -74.67% | 0.07 | 0.07 | 0.07 | 22,546,186 |
| NEAR | 1.65 | +2.42% | -40.55% | 1.62 | 1.68 | 1.61 | 187,591,264 |
| ATOM | 1.40 | -2.36% | -70.15% | 1.44 | 1.44 | 1.40 | 18,626,964 |
| AAVE | 89.06 | +0.93% | -72.33% | 88.24 | 90.20 | 88.19 | 129,099,704 |
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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