Cryptocurrencies: Bitcoin Up 9% This Week

Bitcoin was up 9% this week as of August 19. Ether was up 20% this week, while XRP was up 10% Bitcoin is down approximately 21% year-to-date, while Ether has fallen roughly 24% year-to-date.

Bitcoin was the world’s first decentralized digital currency. Since the first Bitcoin transaction occurred in early 2009, it has grown worldwide to a mainstream financial asset. While often volatile, as illustrated in the chart below, one can argue that the Bitcoin is highly resilient , especially as product innovation expands the ways investors can manage Bitcoin’s volatility . Bitcoin’s closing price was up 9% this week as of August 19. BTC is currently down approximately 21% year-to-date and sits about 44% below its October 2025 record high.

Ether is the native cryptocurrency run on the Ethereum blockchain platform, which launched in July 2015. It has the second largest market share, despite being the newest of the three assets discussed in this article. Ether’s closing price was up 20% this week as of August 19. With that said, ETH is currently down approximately 24% year-to-date and is now roughly 53% below its record close from August 2025.

XRP, which is owned by Ripple , was launched in 2012 and was one of the larger cryptocurrencies for some time until newer tokens entered the market. XRP’s closing price was up 10% this week as of August 19. XRP is currently down approximately 40% year-to-date and sits about 69% below its October 2025 record high.

An index has been created in order to chart these three cryptocurrencies together, considering their significantly different pricing histories. A logarithmic scale is used on the y-axis of this chart to better illustrate relative percentage changes and long-term growth trends, as opposed to absolute price fluctuations. The chart demonstrates which cryptocurrency’s price has shifted the most since November 9, 2017. At various points in history, all three have held the top spot but Bitcoin is currently in the lead.

On January 10th, 2024, the SEC approved spot bitcoin ETFs from a range of issuers such as Grayscale Bitcoin Trust ETF (GBTC) , iShares Bitcoin Trust (IBIT) , Fidelity Wise Origin Bitcoin Fund (FBTC) , ARK 21Shares Bitcoin ETF (ARKB) , Bitwise Bitcoin ETF (BITB), Coinshares Bitcoin ETF (BRRR) .

On July 23rd, 2024, a handful of spot ether ETFs launched from a range of issuers such as Grayscale Ethereum Trust (ETHE) , Franklin Ethereum ETF (EZET) , Bitwise Ethereum ETF (ETHW) , iShares Ethereum Trust (ETHA) , Fidelity Ethereum ETF (FETH) .