(Getty Images)

Ethereum hits $4,885 for new all-time high price

The previous high was set in November 2021.

8/22/25 4:43PM

Following hints from Fed Chair Jerome Powell that the central bank would likely cut rates in September, ethereum finally rallied to a new record high of $4,885, pushing past its previous record of $4,878 set in 2021.

The second-largest cryptocurrency has been flirting with a new all-time high for weeks as public companies like BitMine scoop up billions of dollars’ worth of tokens and as ethereum spot ETFs see a growing swell of inflows.

Clearer US regulatory policy regarding cryptocurrency has also boosted the token. President Donald Trump signed the GENIUS Act into law in July bringing regulations for stablecoin issuance, a move expected to boost the ethereum ecosystem, which has the largest supply of stablecoins among all blockchain networks.

Year to date, ethereum has jumped over 40%, outpacing its older sibling bitcoin, which has risen roughly 24% this year. The market capitalization of ethereum, at over $587 billion, is now larger than streaming giant Netflix ($512 billion) and payments heavyweight Mastercard ($540 billion).

“Ethereum is approaching a potential breakout moment past its previous all-time high, driven by a convergence of bullish catalysts,” according to Le Shi, managing director at crypto trading firm Auros. Shi pointed to a number of macro conditions, including anticipated Fed rate cuts, record-high S&P 500 levels, bitcoin’s own rally, and the GENIUS Act’s impact on accelerating traditional finance’s adoption of ethereum.

“One of the market’s hottest themes is the rise of crypto treasury companies. Following Strategy’s lead in bitcoin, attention has shifted to ethereum-focused treasuries such as BitMine Immersion Technologies, SharpLink, and Bit Digital, which are rapidly gaining mindshare among both crypto-native and TradFi participants,” Shi told Sherwood News.

The deployable capital held by ethereum treasury firms like BitMine, SharpLink Gaming, and Bit Digital “represent a significant potential driver of ethereum market activity,” Shi added.

Claire Yubin Oh54m

BlackRock’s IBIT on track for its worst month of net outflows, as investors yank $2.3 billion from the bitcoin ETF in November

BlackRock’s iShares Bitcoin Trust ETF, the world’s largest bitcoin fund, is heading for its worst month of outflows since it launched in January 2024.

Investors have pulled over $2.3 billion (net) throughout November so far. The jitters come as bitcoin grapples with the worst downturn since 2022, when the entire crypto world shook following the fall of Sam Bankman-Fried’s FTX, with bitcoin dropping more than 40% from its October high as of Monday’s close.

With their soaring popularity redefining and legitimising cryptocurrencies at an institutional level, spot bitcoin ETFs have become a key barometer of wider investor sentiment surrounding the digital currency — as well as risk assets more broadly.

Notably, spot bitcoin ETFs like BlackRock’s iShares Bitcoin Trust tend to see their inflows accelerate with rising prices, and amplify falling prices when outflows become dominant. Citi Research, cited by Bloomberg, finds that this feedback loop sees a ~3.4% price drop for every $1 billion pulled out from bitcoin ETFs.

Yaël Bizouati-Kennedy

11/21/25

Bitcoin’s bloodbath slowed by Fed optimism, but as Citi analysts put it, crypto is “having a bit of a meltdown”

Bitcoin ETFs have seen $1.45 billion leave the funds this week so far.