Ethereum Hits $4,880 ATH on GENIUS Act Clarity; $BEST Presale Gains Traction

Published: 2025-08-23 12:14:37 |

Ethereum surged 15% in one day to reach a new Ethereum ATH of $4,885, surpassing its 2021 high. The boost, driven by Trump’s GENIUS Act clarifying stablecoin reserves and requiring monthly disclosures, has bolstered investor confidence amidst ongoing market consolidation around $4,700. The sustained Ethereum ATH momentum points to a broader alt season this fall. Institutional investors now hold over 2.3% of ETH supply, with Bitmine leading at 1.5M ETH. Meanwhile, the Best Wallet Token ($BEST) presale has raised over $15M at $0.0255 per token. $BEST supports a non-custodial wallet aiming for 40% market share by 2026, offering reduced fees, governance rights, and early presale access. Analysts project $BEST could surge over 180% post-launch, reflecting heightened altcoin interest.

Bullish

By achieving a new Ethereum ATH on the back of the GENIUS Act, this news sends a bullish signal. Regulatory clarity on stablecoin reserves reduces compliance risks, attracting both retail and institutional capital, as reflected by the 2.3% of ETH held by public entities. Historically, similar catalysts—such as regulatory frameworks in 2020—sparked DeFi and altcoin rallies. In the short term, traders may buy the dip around $4,700, fueling volatility and volume spikes. Over the long term, clear stablecoin rules and ongoing ETH momentum can sustain an alt season and drive further upside for tokens like $BEST.