Sign Up on MEXC
Highlights
- Crypto market witnessed a major rally with the Ripple vs SEC lawsuit dismissal, a historic ETH ETF inflows, CPI data release and more.
- Bitcoin, BNB, and many others hit ATHs before the market crashed due to the U.S. PPI data release.
- Despite volatility, selected tokens like TSLA, DOGO, and FARTCOIN became the best performers.
This week was quite eventful for the crypto market due to the release of fresh economic data, changing trends, and digital assets’ reaction to these events. Notably, sudden price swings were also noticed in Bitcoin, Ethereum, and others, but many new milestones were also made. Despite this complexity and volatility, many tokens grew to an all-time high, whereas others bowed to bears, making the week memorable for investors in a different context.
Top Crypto Events Highlights and Their Impact on the Market
The performance of the crypto market doesn’t necessarily go as expected, as multiple factors decide its trajectory. This week, multiple crypto events, including the release of macro events, took place, which influenced its trajectory.
August 11, 2025 – XRP Lawsuit Closure and ETH ETF Milestone
The week began with bulls as massive news centered around XRP was released just days before. After four plus years of legal battle, the Ripple vs SEC lawsuit nearly ended, as they filed to withdraw their significant appeals. This influenced the bullish trends in the crypto market, fueling the token’s prices.
#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The parties have filed a Joint Dismissal of the Appeals. The case is over. pic.twitter.com/QMATRLnxnS
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 7, 2025
New updates on August 16 also highlighted that the case would end with the Second Circuit Court approving the appeal dismissal request. Notably, another bullish news hit Ethereum on the same day.
The spot Ethereum ETFs pulled a $1 billion net inflow on August 11, which is record-breaking. It signaled strong demand for ETH products in the crypto market. However, volatility persisted, with the release of various key macroeconomic events, including U.S. CPI, PPI, and others.
August 12, 2025 – U.S. CPI Data Release
On Tuesday, August 12, the July CPI data was released, which came up to 0.2% MoM, as expected. It also added to the bullishness of the market, as it influenced hopes around the Fed’s September rate cuts.
The same trend remained persistent for the next few days, resulting in Bitcoin price hitting a new ATH of $124.4k on Thursday. BNB also surged to a new ATH of $868.68; Ethereum, XRP, and the rest of the altcoins’ prices also grew significantly.
However, their prices crashed from the peak, amid the impact of the U.S. PPI data release.
August 14, 2025 – U.S. PPI and Crypto Market Crash
The U.S. PPI came hotter-than-expected, with the July figures rising +0.9% MoM and +3.3% YoY. Experts noted it as the biggest leap in months, generating fear among investors for the upcoming Fed’s decision on interest rates.
The data triggered a massive liquidation in Bitcoin and other assets, wiping out over $538M in longs.
- Source: CoinGlass, Bitcoin, Ethereum, etc, Liquidation Data
August 15, 2025 – Grayscale Filed for Dogecoin ETF
Amid the building crypto ETFs hype, Grayscale has filed with the SEC to launch a spot Dogecoin ETF. Notably, if approved, this will become the first-ever meme coin ETF and would give investors exposure to DOGE without holding the asset.
- Source: SEC Filing
On this news, DOGE price grew significantly, jumping 2.25% within hours. However, most of the tokens remained down, as overall bearish trends remain persistent.
August 16, 2025 – XRP Lawsuit Update, Crypto ETF Inflows
Despite a major turbulence in the middle of the week, the overall performance remains favorable for the investors. The net volume of the crypto ETFs hit $40 billion, led by the Ethereum ones with $2.85 billion in inflows.
Notably, on the same day, the SEC presented a status report to the U.S. Second Circuit Court after submitting an appeal dismissal at the beginning of the week. Experts claim that the case is already near the end, and the Second Circuit’s approval would mark the final closure of the XRP lawsuit.
Interestingly, despite the week’s ups and downs, crypto whales remained quite active, purchasing billions worth of assets, especially Ethereum. Sentiments also reported that ETH is outperforming BTC in the current market.
Crypto Market’s Best Performers of the Week
This week may be full of changing trends and key macroeconomic events. However, despite the turmoil, a few crypto assets managed to rise higher than expected due to their demand, individual bullish news, and strong investor confidence in them.
According to CoinMarketCap, the top gainers of the week are meme coins like TSLA, DOGO, FARTCOIN, and others. In the top cryptos list, OKB, Mantle, and Cardano performed the best.
Bitcoin, Ethereum, and XRP were also at the top performers in the middle of the week, but by the end, their trends declined respectively.
Frequently Asked Questions (FAQs)
1. What were the biggest events of the week, affecting the crypto market?
2. What happened with Bitcoin this week?
3. Which were the best-performing cryptos this week?
- Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH
- Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure
- Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline
- World Liberty Financial Discloses Reason for Blacklisting 272 Wallets
- September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data
- HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
