Crypto market recap: ETH rally outpaces BTC
Bitcoin (BTC) is currently trading near $119,940—up about 0.9% intraday—with a day’s range between $118,249 and $120,213.
Its dominance remains robust, although exact figures weren’t updated today. Meanwhile, Ethereum is powering ahead, climbing 7% to reach $4,621, surging from a low of $4,265 to a high near $4,674. Litecoin also outperformed, jumping 9.8% intraday to $131.65, with a range touching $133.78 at its peak ().
Institutional tailwinds: Ethereum momentum and Bullish IPO excitement
Ethereum’s rally brings it close to a four-year high, fueled by growing institutional buy-ins—especially from treasury firms like Bitmine Immersion Technologies and Sharplink Gaming—and regulatory optimism around potential ETH ETFs.
The Bullish exchange is also making headlines: its IPO size and pricing range have been increased to 30 million shares at $32–$33, aiming for a valuation near $5 billion as investor demand surges. On the macro front, the U.S. dollar softened today following tepid July inflation data, bolstering market expectations of a high-probability Fed rate cut in September, which in turn lifted crypto sentiment.
Broader crypto trends: Ethereum overshadowing Bitcoin, poised for more gains
Ethereum’s strong surge—approximately 41% monthly, and 59.3% over the past three months, including a 14% gain just last week—has significantly outpaced Bitcoin’s performance and fueled broader bullish sentiment. Meanwhile, a recent Barron’s article underscores growing confidence in the market, as a Trump executive order advocating for crypto inclusion in retirement plans spurred $572 million in inflows, $260 million of which went into Bitcoin, alongside optimism surrounding Bullish’s upcoming IPO.
Taken together, the narrative is clear: Ethereum is swiftly closing the gap with Bitcoin, and its ecosystem is harnessing greater momentum—supported by both institutional demand and favorable regulatory signals.
Recently we wrote that the Ethereum Foundation has sold approximately 2,795 ETH, worth $12.7 million, as ether prices surged to their highest levels this year.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
