Cryptocurrencies keep running higher, benefitting from encouraging regulatory developments, diverting flows from Bitcoin to other altcoins, and a general positive tone for digital asset investing. Explore the top five stories and technical levels for cryptos.
What are the top 5 stories in crypto since the start of the month?
US President Donald Trump signed an executive order to end banking discrimination against the crypto industry
On August 7, President Trump signed an executive order barring regulators from pressuring banks to cut off lawful crypto businesses, blocking the use of vague “reputational risk” claims to deny services.
The move aims at what industry voices have dubbed “Operation Choke Point 2.0,” where compliant crypto firms allegedly lost banking access due to informal regulatory pressure.
The order coincided with the end of the government’s 180-day review of the crypto market. It was framed as a safeguard to ensure digital-asset companies that follow the law can access banking and payment systems without arbitrary discrimination.
Acting CFTC Chair Pham also announced a crypto regulation “sprint,” aiming to accelerate the rollout of clearer rules for the sector1, opening the way for continuous regulation of digital asset investing.
Crypto Market Cap hits a new all-time high record at $4.15T (as of August 14th, 2025)
The total cryptocurrency market capitalization set a fresh record on August 13, hitting $4.15 trillion and surpassing its previous major peak of $3.73 trillion from December 2024.
That earlier high had marked the end of a prolonged bull run before a sharp correction swept through digital assets, wiping out hundreds of billions in value.
This latest milestone not only signals a full recovery from that downturn but also highlights the strength of the current cycle, with broad-based gains across both large-cap coins and altcoins driving the market to new heights.
Crypto ETFs dominate the rankings
Crypto ETFs dominate the rankings amid global ETF performance as digital assets tighten their grip on institutional flows, with 10 of the top 20 newly launched funds now crypto-linked and the top four all taken by Bitcoin and Ethereum products.
The surge in investor demand has coincided with Ethereum’s institutional assets under management hitting a record $32.6 billion (and growing)2, buoyed by its climb toward $4,700.
This dual momentum in ETF uptake and ETH inflows underscores the growing role of crypto in mainstream portfolios, signaling that digital assets are no longer just a niche allocation but a competitive force in traditional investment vehicles.
Europe makes a push to catch up with the US crypto regulations
On August 5, the European Banking Authority (EBA) rolled out draft technical standards outlining how banks should calculate capital requirements for crypto-asset exposures under the EU’s updated banking rules.3
The proposal sets out risk treatment for different types of crypto holdings—from asset-referenced tokens like stablecoins to unbacked assets such as Bitcoin—covering credit, market, and counterparty risk.
It also lays down guidance on netting, position aggregation, and which hedges qualify, bringing the EU’s approach in line with Basel standards and the MiCA framework.
Once finalized, the rules will standardize how EU banks allocate capital against crypto positions, aiming for consistency across the bloc’s financial system.
USDC creators, the Circle, make a push for their first layer-1 blockchain token
On August 12, Circle, the creators of the USDC stablecoin, announced plans to launch “Arc”.
The project would create an Ethereum-compatible layer-1 blockchain built for stablecoin payments and financial applications.
Arc will use USDC as its native gas token and come with a built-in stablecoin FX engine, opt-in privacy features, and sub-second settlement times.4
Marketed as an enterprise-grade network for digital dollar transactions and capital markets, it will be fully integrated with Circle’s existing services.
The launch was revealed alongside Q2 earnings showing 53% year-on-year revenue growth, underscoring Circle’s drive to develop a full-stack blockchain platform for regulated, dollar-based finance.
Technical levels for Ethereum, Bitcoin, and Solana
Ethereum flies higher in an attempt to break its 2021 record
Ethereum daily chart, August 14, 2025 – Source: TradingView. Past performance is not indicative of future results.
Support Levels:
- $3,500 Support zone
- $4,000 Main pivot
- $4,200 consolidation zone
Resistance Levels:
- Current highs $4,793
- $4,700 to $4,900 All-time high resistance zone
- $4,870 2021 record
- Potential resistance at 1.618% Fibonacci extension of April to July up-move
Bitcoin marks another all-time high of $124,569 (as of August 14th)
Bitcoin daily chart, August 14, 2025 – Source: TradingView. Past performance is not indicative of future results.
Support Levels:
- $116,000 to $117,000 Pivot
- $110,000 to $112,000 previous ATH support zone
- $100,000 Main support at psychological level
Resistance Levels:
- Current all-time high $124,596
- Major Resistance $122,000 to $124,500
- $126,500 to $128,000 Fib-extension potential resistance (1.382% from April to May up-move)
Solana finds resistance around $200
Solana daily chart, August 14, 2025 – Source: TradingView. Past performance is not indicative of future results.
Support Levels:
- $180 to $190 Major pivot
- Pivot turned support $165
- $140 to $150 Main support
Resistance Levels:
- Current highs $209,69
- $200 Psychological Level
- $295 January 2025 All-time highs
What’s on the watch for the rest of the month?
This month's cryptocurrency market has started on a high note, led by Ethereum's bullish impulse.
Sentiment seems unfazed, however as investors and traders, it is essential to stay prepared for upcoming key events, like the September FED Meeting on September 17th – and monitor potential greed (which you can track on the Crypto Fear and Greed Index for example).
Keep tracking ETF inflows, Ethereum and Bitcoin charts to stay connected to the financial flows moving in and out of digital assets.
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