Cryptocurrency Market Goes Wild!
According to data platform CoinMarketCap, Ethereum, often referred to as the “second-in-command” in the cryptocurrency realm, surged to $4,200 today (as of 16:30, approximately NT$125,600). It has skyrocketed 66% over the past 90 days, setting a new record for this year! Peng Yunxian, founder of Taiwan’s cryptocurrency exchange HOYA BIT, analyzed that Ethereum is transitioning from the “testing the waters” phase to a critical moment of “full sprint.” Major institutional funds have already fully entered the market, and a new high is just around the corner! As the market sentiment heats up, other mainstream coins are also dancing along: Bitcoin (BTC) increased 4.8% over the past week to $117,300, Ripple (XRP) rose 5.2% to $0.75, and Solana (SOL) surged 7.1% to $186, indicating that capital is accelerating its return to the cryptocurrency world.
To join the celebration with the market, HOYA BIT Exchange announced a giveaway of an Ethereum worth approximately NT$125,000. By completing specified tasks, participants have the chance to take home Ethereum for free, toasting to its “soaring” success!
- Activity Details: https://tw.hoyabit.com/eth0808
- Register at HOYA BIT to receive Ethereum: https://tw.hoyabit.com/ETH4000
Don’t Just Focus on the “Rise”! Peng Yunxian Reveals Three Invisible Boosters
Peng Yunxian, founder of HOYA BIT, analyzed that there are three main factors contributing to this new high. Firstly, spot ETF trading and capital flows have been significantly active. BlackRock’s $ETHA, Fidelity’s FETH, and Grayscale’s ETHE have seen an average daily trading volume increase of over 60% compared to June over the past month. Notably, BlackRock’s product alone has accumulated a net inflow of over 140,000 ETH in the past 30 days, equivalent to approximately $560 million.
Secondly, selling pressure continues to diminish. On-chain data shows that the amount of ETH moved to exchanges for sale over the past two weeks has decreased by about 25% compared to the peak in April this year, with more tokens concentrated in long-term holders’ wallets, leading to a significant reduction in short-term selling pressure.
Finally, positive institutional factors are accumulating, including the establishment of a stablecoin regulatory framework under the U.S. GENIUS Act, the SEC’s rapid approval of the ETH spot ETF, and some compliant European funds beginning to include ETH in their portfolios, reducing international institutions’ compliance concerns. Peng Yunxian emphasized, “This is not a one-day firework, but rather a result of compliance, liquidity, and demand all working together.”
Is It Too Late to Enter the Market? Institutional Support and Policy Protection Make It a “Golden Moment” to Join
Ethereum fell from a high of $4,000 at the end of last year to $1,800, undergoing eight months of sideways consolidation. After successfully stabilizing above $3,700 in July this year, it has strongly broken through the $4,000 barrier under the push of three favorable factors. Peng Yunxian analyzed that it is reasonable for Ethereum to consolidate around the $4,000 mark in the short term. If trading volume remains healthy, there is a chance to challenge higher prices again. Regarding the market’s concern about “whether it will retrace below $2,000 like at the beginning of the year,” Peng Yunxian believes the probability is low, as major institutions will not allow the market to easily return to the low-price buying zone. He suggests that investors follow the funding path of major institutions, which is a logical and stable investment strategy.
As for whether it is still worth entering the market at this new high, Peng Yunxian stated that Ethereum has received policy support and high recognition from major international institutions. Its role in global finance and blockchain infrastructure will only solidify further, and its long-term value will continue to rise. He recommends that investors allocate 5-10% of their assets in mainstream currencies like Bitcoin and Ethereum as “satellite holdings,” using a small proportion of funds to seek high growth potential and optimize their overall investment portfolio. For investors who are new to cryptocurrencies, the HOYA BIT platform supports direct purchases of Ethereum with New Taiwan Dollars, allowing them to start their first investment with just NT$300, making it easy to participate in market trends, whether for long-term planning or exploratory investments.
Register at HOYA BIT to Receive Ethereum! Easy NT$125,000 Giveaway
Still worried about the high price of Ethereum making it hard to invest? To celebrate Ethereum’s return to $4,000, Taiwan’s cryptocurrency exchange HOYA BIT announced a giveaway of an Ethereum worth approximately NT$125,000. From now until August 31, follow HOYA BIT’s official Threads account, and comment on the designated post with a screenshot of Ethereum holdings with a cost basis of $3,900 (inclusive) or below (from any exchange), and leave your HOYA BIT member code (UID) for a chance to take Ethereum home for free!
HOYA BIT Exchange will draw and announce the winners at 12 PM on September 1, 2025. Participants must complete the bank binding with HOYA BIT by August 31, and each person is limited to one entry. Abnormal users will be disqualified, and HOYA BIT reserves the final interpretation rights of the event.
- Activity Details: https://tw.hoyabit.com/eth0808
- Register at HOYA BIT to receive Ethereum: https://tw.hoyabit.com/ETH4000