Ethereum surpassed bitcoin in terms of growth in August

Ethereum ETH $4,594.63 Bridged Ether (StarkGate) 3.96% Market capitalization $0.11 billion VOL. 24 hours $3.55 billion is steadily strengthening its position in the cryptocurrency market, while Bitcoin BTC $114,204.00 Mezo Wrapped BTC 0.65% Market capitalization $41.82 million VOL. 24 hours $1.83 billion is facing weak dynamics and large-scale liquidations. Over the past 30 days, ETH has grown by 20%, while BTC has lost 6%. On Polymarket, the probability that Ethereum will reach $ 5,000 this month has risen to 26%, up from 16% a few days earlier.

Experts attribute this dynamic to the inflow of institutional capital. Thus, Mark Zhen of Bizantine Capital noted that Ethereum received a strong «liquid foundation» from major players, and its ratio to BTC was at a local low, which made the rebound expected. He also pointed to the growing use of stablecoins and a clearer regulatory environment as key factors.

Gracie Lin, CEO of OKX Singapore, shared a similar view, emphasizing that fundamentals, not just news, determine true value. She added that large institutional purchases, such as BitMine, confirm the credibility of Ethereum’s role in the future of the crypto ecosystem.

The market as a whole is undergoing a structural realignment of capital flows. Enflux analysts called it a «large-scale liquidity rotation» that diverts money from the sideways movement of Bitcoin to new growth stories. In this process, in addition to ETH, XRP and CRO stand out, as well as platforms like Hyperliquid, which in July exceeded Robinhood in terms of trading volume.

Bitcoin remains under pressure: the price is hovering around $ 111,733, and recent liquidations have reached $ 940 million. Weak online activity and a decline in open interest are increasing investors' concerns. At the same time, new US macro statistics, in particular PCE data expected this week, may determine the market’s future direction.