Markets Today: Bitcoin and Ethereum Continue to Rise as Ethena Reaches $11.9 Billion TVL and Pudgy Penguins Enter Formula 1
Shaurya Malwa, Omkar Godbole | Edited by Sheldon Reback on August 12, 2025, 10:23 AM
BTC $119,416.74 ◢ 0.31%
The global cryptocurrency market capitalization has increased by 2% in the last 24 hours, reaching US$4.03 trillion amid growth in key cryptocurrencies.
Bitcoin The price of rose by 2.3% to $118,527, Ether increased by 0.7% to $4,293. Solana and XRP increased by 4.4%, and Dogecoin by 4.7%.
The rally came amid significant short liquidation and improved risk sentiment after a relatively calm macroeconomic period.
Positioning of derivative instruments
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