Babylon price

August 2025 was a historic month for digital assets, with Bitcoin and Ethereum both reaching new all-time highs. Bitcoin rose to $124,000 and Ethereum surpassed $4,900, driven by strong institutional demand, ETF inflows, and mass corporate adoption. Despite the month-end pullback – Bitcoin closed at $108,000 and Ethereum at $4,300 – the overall market's bullish structure remained solid, with over $10 billion in stablecoin inflows providing strong support. At the same time, the rapid rise of Digital Asset Treasury (DAT) companies and the gradual surpassing of Bitcoin and Ethereum in asset allocation highlight the deepening integration of traditional finance and the crypto industry. However, the market net asset value (mNAV) multiple of some DATs has declined, indicating that the market may enter a round of consolidation. As the Fed's rate cut is approaching, crypto assets are still expected to maintain momentum as risk assets. BTC and ETH reached new highs Bitcoin opened at $115,000 in August, extending its July rally and reaching a new high of $124,000 on August 14. Ethereum has been stronger, starting at $3,700 and surpassing its 2021 record high to $4,900 on August 24. Institutional funds continued to flow in, with Ethereum ETFs attracting $3.8 billion in August, making significant gains again after $5.4 billion in July. Bitcoin eventually closed at $108,000 and Ethereum at $4,300. Despite the pullback, the overall bull market structure is still intact. The current market focus has shifted to macro policy, with the CME FedWatch tool showing an 89.6% probability of a Fed rate cut in September, which may be a catalyst for risk assets to strengthen again. Source: CME FedWatch; Data as of September 1, 2025 Technical outlook: BTC consolidates, ETH profits may flow to Solana Bitcoin's upward momentum is waning, and it is expected to enter a consolidation phase in the short term, potentially repeatedly testing support near $108,000, but the overall bull market pattern remains unchanged. At the same time, some ETH profits may flow into SOL, and related narratives are heating up. The SOL/ETH ratio has seen a strong recent rebound and is expected to retest the resistance at 0.05716. Ethereum hit another all-time high This month, Ethereum hit a new high of $4,900, driven by ETH treasury companies and ETF inflows. However, it should be noted that ETF inflows have slowed down, and ETH derivatives leverage is still high, which means that it may go through a period of consolidation before the next round of gains. For a deeper understanding of the core drivers of this Ethereum rally, please refer to our recent article "Ethereum Price Hits All-Time High in 2025: Key Drivers and Future Prospects". Digital Asset Treasury (DAT) company expansion In July, CoinEx Research noted the rise of digital asset treasury (DAT) companies with Ethereum at its core. By August, the industry had expanded rapidly, with companies such as Pantera Capital and Galaxy Digital beginning raising funds to lay out Solana treasuries, while others ventured into assets such as BNB, XRP, HYPE, and BABY. This diversification trend reflects the strong demand for altcoins in the market, while companies are expected to exhibit regional differences due to different market and regulatory conditions. However, the market net asset value (mNAV) of some DATs has dropped from a high premium to nearly 1.0x, indicating that valuations may be under pressure as competition intensifies and sentiment returns to rationality. Stablecoin inflows surpassed $10 billion Stablecoin inflows exceeded $10 billion in August, marking the fastest growth rate in the past eight months. This trend reflects increased market liquidity, accelerated capital deployment, and continuous increase in investor activity. CoinEx Research sees this as a strong confirmation of the robust structure of the bull market. Outlook: Expansion after consolidation CoinEx Research believes that the double all-time high in August not only shows the strength of the market, but also highlights the complexity and maturity of the current crypto market. Bitcoin and Ethereum remain core anchors for institutional strategies, but the pullback at the end of the month suggests that the market needs some consolidation before the next round of gains. At the same time, the rise and diversification of DAT companies highlight the further integration of crypto and traditional finance, but the compression of mNAV multiples also means that the market is distinguishing between hype and sustainable models. Stablecoin inflows exceeded $10 billion, confirming the structural foundation of the bull market. As the shift in macro policy approaches in September, the market may usher in a new wave of growth, but investors need to be cautious about leverage and valuation risks. About CoinEx Founded in 2017, CoinEx is a user-centric global cryptocurrency exchange. Since the inception of ViaBTC, the leading mining pool in the free Bitcoin industry, CoinEx has been one of the first exchanges to issue Proof of Reserves (PoR) to guarantee the security of 100% of users' assets. Currently, CoinEx offers more than 1,400 currencies and has a user base of 10 million+ users covering 200+ countries and regions, equipped with specialized functions and services. CoinEx also issues its native token, CET, to provide incentives for user activities and continuously empower the platform ecosystem. For more information, please visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube