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By CD Analytics, Will Canny|Edited by Stephen Alpher
Aug 13, 2025, 5:47 p.m.
- FIL rose 4% on significant volume.
- Wider crypto markets also rose, with the Coindesk 20 index up 3.2%.
Filecoin
posted a 3.7% surge during the 24-hour trading session, rising from $2.61 to $2.71 alongside institutional accumulation signals, according to CoinDesk Research’s technical analysis model.
The model showed that trading volume exploded above 7 million during peak trading hours, substantially outpacing the daily average of 3.47 million as market participants protected the $2.60 support zone.
STORY CONTINUES BELOW
Filecoin’s latest price movement indicates rising institutional appetite for decentralized storage technologies as conventional cloud service providers encounter heightened examination regarding data sovereignty issues.
The rally in FIL came as the wider crypto market rose, with the broader market gauge, the Coindesk 20, up 3.2%.
In recent trading, Filecoin was 3.5% higher over 24 hours, trading around $2.71.
- Price built strong support at $2.60 with substantial volume-backed buying interest during the 24-hour session.
- Volume jumped above 7 million during peak periods, substantially exceeding the daily average of 3.47 million.
- Trading range covered $0.13 (5%) between the absolute low of $2.60 and peak of $2.73.
- Final hour volume surge hit 369,770 units, representing the highest spike in the session.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
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By Helene Braun|Edited by Stephen Alpher, Aoyon Ashraf
50 minutes ago
The company opened for trade on the New York Stock Exchange under the ticker “BLSH” on Wednesday.
What to know:
- Bullish (BLSH) opened on the NYSE Wednesday at $102 a share versus the $37 IPO price.
- The IPO had expanded to 20.3 million shares earlier this week amid strong demand, with BlackRock and Ark Investment Management signaling interest in buying up to $200 million worth.
- Since launching in 2021, Bullish has processed over $1.25 trillion in trading volume and is entering public markets as Wall Street’s interest in regulated crypto platforms grows.
