Bitcoin Declines 8% in August, Ether Surges 14% Amid Capital Shift

The crypto market is experiencing notable seasonal trends, particularly in August.

Bitcoin (BTC) has dropped 8% this month, falling from a record high of over $124,000 on August 13 to around $108,000.
This decline has erased the summer rally, bringing BTC's price below its Memorial Day level of $109,500.
In contrast, Ether (ETH) rose 14% in August, outperforming BTC significantly.
ETH ETFs attracted $4 billion in inflows compared to $629 million for BTC ETFs, highlighting a shift in capital allocation.
Despite the recent performance, September historically shows worse outcomes for BTC, with an average decline of 3.8% over the last twelve years.

Market dynamics indicate that while BTC faces potential challenges, ETH is currently receiving more investment interest.