BTC
$119,023.84
+
1.61%
ETH
$3,275.63
+
7.57%
XRP
$2.9756
+
2.79%
USDT
$1.0003
+
0.05%
BNB
$700.73
+
2.38%
SOL
$171.87
+
6.83%
USDC
$0.9998
–
0.01%
DOGE
$0.2056
+
6.05%
TRX
$0.3035
+
1.64%
ADA
$0.7576
+
3.77%
HYPE
$47.84
+
1.06%
XLM
$0.4611
+
2.37%
SUI
$4.0108
–
0.09%
LINK
$16.73
+
6.85%
HBAR
$0.2396
+
2.43%
BCH
$497.63
+
2.03%
WBT
$44.72
+
1.00%
AVAX
$22.24
+
4.80%
SHIB
$0.0₄1405
+
5.52%
LEO
$8.7753
–
2.74%
By Krisztian Sandor|Edited by Stephen Alpher
Updated Jul 16, 2025, 4:32 p.m. Published Jul 16, 2025, 4:00 p.m.
- Ethereum’s ether continues to outperform, surging 6.5% and breaking above $3,200 for the first time since early February.
- Bitcoin bounced from its sharp Monday decline as investors “stepped in aggressively” to buy the dip to $116,000, Glassnode said.
- Strong spot ETF inflows and growing bids from treasury firms are providing tailwinds for ETH.
Ethereum’s ether (ETH) raced ahead on Wednesday, leading the crypto market higher after a modest dip earlier this week.
ETH broke above the $3,200 level for the first time since early February, gaining 6.5% over the past 24 hours, CoinDesk data shows. It’s now ahead a full 22% over the past seven days.
STORY CONTINUES BELOW
Bitcoin
also bounced back above $119,000 during the early hours of the U.S. session, climbing 2.6%. TheCoinDesk 20 index, a broad-based benchmark focusing on majors, was up 4.5%.
BTC investors bought this week’s dip to $116,000 from record highs hand over fist, analytics firm Glassnode noted. According to the firm’s data, market participants “stepped in aggressively,” scooping up around 196,600 BTC ($23 billion) between the $116,000 and $118,000 levels.
Meanwhile, strong flows to spot exchange-traded funds and continuous bid from crypto treasury firms are providing a tailwind for ETH.
U.S.-listed spot ETH ETFs booked record inflows over $900 million last week, accounting for 29% of all inflows this year, Anagram partner David Shuttleworth noted. At $450 million with only two days into the week, inflows could surpass $1 billion this week, he added.
Sharplink Gaming (SBET) revealed this week it acquired more than 74,000 ETH with $257 million capital remaining for further purchases, while Bitmine Immersion (BMNR) bought over $500 million of the asset.
Read more: Altcoin Season Returns? Bitcoin Consolidates With ETH, SUI, SEI Among Those Taking Charge
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
