CoinEx Research’s August 2025 report detailed significant gains in the cryptocurrency market. Both Bitcoin and Ethereum achieved all-time highs during the month.
Bitcoin‘s price climbed to $124,000, exceeding its previous peak, before experiencing a correction. Similarly, Ethereum surpassed $4,900, setting a new record, but also saw a subsequent price decrease.
These price increases were attributed to strong institutional demand and substantial inflows into Ethereum exchange-traded funds (ETFs). Ethereum ETFs alone attracted billions of dollars in investment during August, following a similar trend in July.
Despite the late-month price drops, which saw Bitcoin close at $108,000 and Ethereum at $4,300, CoinEx analysts maintained that the overall market trend remained bullish.
The report highlighted the expanding role of Digital Asset Treasury (DAT) companies. These firms are increasingly diversifying their holdings beyond Bitcoin and Ethereum, investing in various altcoins such as Solana, BNB, XRP, and others. This diversification reflects the growing integration of cryptocurrency into traditional finance.
However, the report also noted a decline in the market Net Asset Value (mNAV) multiples for some DATs. This suggests potential pressure on valuations as competition intensifies and market sentiment shifts.
Another key finding was the surge in stablecoin inflows, exceeding $10 billion in August. This signifies increased liquidity and investor confidence in the market’s overall strength. CoinEx interpreted this as a validation of the ongoing bull market.
Looking ahead, CoinEx anticipates a period of consolidation before further expansion. The Federal Reserve’s anticipated rate cuts are expected to positively impact risk assets, including cryptocurrencies. However, investors are advised to exercise caution regarding leverage and valuation risks.
CoinEx, established in 2017, is a cryptocurrency exchange that offers a range of services to its users globally. The platform has a history of prioritizing user asset security and transparency.
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