Ah, the dying embers of August! As the good people of the crypto land prepared to weep into their portfolios, who should arise from the digital ashes but our ill-tempered, eternally unshaven monarch-Bitcoin! After narrowly escaping last week’s storm of forsaken capital (a staggering $1.17 billion vanishing like a bureaucrat’s promises), Bitcoin now basks in a royal feast of $440.71 million in new investments. The grand total: $54.24 billion spirited away in spot funds, swelling its net assets to nearly $140 billion-an amount large enough to buy oneself several provincial governorships and perhaps a modest estate frequented by bored aristocrats.
Meanwhile, Ethereum-once hailed as the dandy of the ETF cotillion-finds itself clutching a mere $1.08 billion, an amount better fit for buying fine pastries than market dominion. Only a week prior, Ethereum strutted about with $2.85 billion like a peacock with too many feathers, while Bitcoin pouted in the corner nibbling stale biscuits. The so-called “alt season” was announced with trumpets and dreadful hashtags, but, as it turns out, this “season” had the longevity of Gogol’s overcoat in a Petersburg blizzard: here one moment, utterly humiliated the next.
Game of dominance-or Who Invited the Altcoins?
If one consults the charts (and who among us does not, hoping desperately for a reason to buy more coffee?), Bitcoin’s share of the market reached a greasy peak above 66
Ethereum’s summer escapades, magnificent though they appeared with billion-dollar weeks, have narrowed the gap-just not enough to send Bitcoin’s crown rolling across the floor. The wise institutional buyers treat ETH not as the life of the party but as the eccentric cousin who gets invited for color; Bitcoin remains the tiresome, overbearing host. Thus, when Ethereum dares to overtake for a week, the system promptly shoves it back into the broom closet.
August’s ETF tides proved swifter than a Petersburg cab driver’s change of mood. With $440 million in fresh Bitcoin inflows, our “King” still rules-albeit grumbling about his waning 58
Long live the crypto tsar! 👑🚀🥔
Read More
- Ashes of Creation Rogue Guide for Beginners
- Best Controller Settings for ARC Raiders
- Meet the cast of Mighty Nein: Every Critical Role character explained
- How To Watch Call The Midwife 2025 Christmas Special Online And Stream Both Episodes Free From Anywhere
- Tougen Anki Episode 24 Release Date, Time, Where to Watch
- Emily in Paris soundtrack: Every song from season 5 of the Hit Netflix show
- Arc Raiders Guide – All Workbenches And How To Upgrade Them
- Avatar: Fire and Ash’s Biggest Disappointment Is an Insult to the Na’vi
- PS1 Game From 2001 Being Re-Released For the First Time Ever
- ‘Heated Rivalry’ Episode 5’s Rose Scene Deserves More Attention
2025-09-01 12:36