This Monday, crypto markets are pushing higher, with total market value rising 2.43% to more than $4.05 trillion. Bitcoin climbed 3.3% to break $122,000, leaving it just 1% shy of its record peak after a strong weekend run. Ethereum also moved higher for the second day in a row, reaching above $4,300, marking its highest price since late 2021. Could this be the sign of an upcoming altcoin season? What are the best crypto to buy right now?
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The rally spread across several sectors. NFTs led the charge, gaining 4.28% as Zora jumped 45.82% and Pudgy Penguins added 4.13%. DeFi advanced 1.79%, powered by double-digit gains in Lido DAO (+11.30%) and Ethena (+10.79%).
(ZORAUSDT)
ZORA has been in a strong uptrend, breaking above $0.13. The move represents a gain of nearly 45% in the last 24 hours, with momentum accelerating over the past two days. Immediate resistance is near $0.14, while short-term support is around $0.11–$0.12.
Sustaining above $0.13 could open the door for a push toward $0.15, but overextended conditions may trigger a possible pullback.
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Adding to the bullish sentiment, Arkham data revealed that Arthur Hayes increased his holdings over the past 24 hours, acquiring 1,500 ETH (about $6.35 million) along with several DeFi blue-chip assets: 425,000 LDO (around $557,000), 420,000 ETHFI (about $517,000), and 185,000 PENDLE (approximately $1.02 million).
According to Arkham, over the past 24 hours, Arthur Hayes increased his holdings of ETH and several DeFi blue-chip assets, including 1.5k ETH (worth approximately $6.35M), 425k LDO (around $557k), 420k ETHFI (around $517k), and 185k PENDLE (around $1.02M).https://t.co/11Bj3OA0lo
— Wu Blockchain (@WuBlockchain) August 11, 2025
Stay tuned for live updates on the latest developments about the crypto market.
Bitcoin Again above $122K, Overtakes Amazon as Ethereum ETF Inflows Hit $2B
From August 4 to August 8, spot Bitcoin ETFs brought in $247 million, with BlackRock’s IBIT leading at $189 million. Spot Ethereum ETFs attracted $327 million in the same period, extending their streak to 13 consecutive weeks of net inflows. Ethereum ETFs gained a massive $2.03 billion. Despite Bitcoin’s market cap being nearly five times larger than Ethereum’s, ETH’s recent ETF performance is drawing attention.
Bitcoin has just broken $122,000, overtaking Amazon to rank as the sixth-largest asset globally, holding a 59.8% market share.
Ethereum holders who entered at $1,300–$1,400 earlier this year are also enjoying strong gains.
The post [LIVE] Latest Crypto News, August 11 – Bitcoin Crosses $122K, Ethereum Marks 3-Year High: Best Crypto To Buy? appeared first on 99Bitcoins.
