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[LIVE] BTC Holds Steady Above $17K, ETH Tops $4.2K, Anticipates New ATH: Best Crypto To Buy

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On August 9, Ethereum (ETH) did what it hadn’t done since last December: it breached the $4,000 mark and has held steady above $ 4,100. However, does the case present for it to be the best crypto to buy now?

It climbed 6.38% throughout the day and at one point reached $4332, before sliding down to $4208, where it is currently trading

Ethereum
Price
Market Cap
ETH
$509.43B
24h7d30d1yAll time

What’s more, some crypto analysts are now anticipating ETH to climb back to its November 2021 all-time high of $4,878, making it the best crypto to buy now, with crypto trader Ted sharing on X that a breakout is imminent.

Further to this, CoinGlass’s data reveals that a short squeeze might be up on the horizon since a move to the $4,500 mark will end up putting almost $1.35 billion in short positions at risk.

The momentum of institutional purchase of the ETH has only grown over the last couple of weeks, with Arkham noting on an X post,” ETFs yesterday had total flows of $461M for ETH but only $404M for BTC.”

Moreover, Farside’s data over the last week highlights ETH inflows overshadowing BTC, with US spot-based ETH EFTs boasting $326.6 million in inflows compared to BTC’s $253.2 million

This has been a momentous turn of events for Ether’s founder, Vitalik Buterin, too. After a long stretch out of the spotlight, he’s back, once again as an on-chain billionaire, a title he first earned at age 27 in May 2021!

ExploreBest Meme Coin ICOs to Invest in August 2025

Is BTC The Best Crypto To Buy Now Despite ETH Momentum?

Bitcoin has climbed back above the 180k mark after closing at $115.95k on 9 August 2025, a slip of 0.48% after Friday’s 0.83%. To BTC’s credit, it avoided breaking below the $150k support level.

As seen over the last couple of days, BTC’s ETF inflow trailed behind ETH, prompting a rotation to ETH despite BTC’s bullish technicals.

Bitcoin
Price
Market Cap
BTC
$2.35T
24h7d30d1yAll time

Technical indicators for the BTC/USD indicate that the crypto king is still looking bullish, sailing above the 50-day and 200-day EMAs. If the BTC manages to break the $120k threshold again, it stands the chance to attack the $122k level that it achieved on July 14 of this year.

A sustained momentum above the $122k mark could carry forward to to $130k mark.

[LIVE] BTC Holds Steady Above K, ETH Tops .2K, Anticipates New ATH: Best Crypto To Buy - ExpertFX School

There are a couple of key factors that affect BTC’s future bullish outlook, including the CLARITY Act’s progress, the soon-to-be-made-public economic data, including the US CPI Report, Retail sales and Jobless claims.

ExploreTop Solana Meme Coins to Buy in August 2025

There are no live updates available yet. Please check back soon!

The post [LIVE] BTC Holds Steady Above $17K, ETH Tops $4.2K, Anticipates New ATH: Best Crypto To Buy appeared first on 99Bitcoins.

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