News View Non-AMP

Crypto News Today: Bitcoin Eyes New ATH in 2025 as Ethereum Lags

Published by
Elena R

The cryptocurrency market is heating up! Led by Bitcoin and Ethereum, the total market cap surged by a whopping 2% in just 34 hours, reaching a staggering $2.3 trillion on Wednesday. This sudden surge sent shockwaves through the crypto world, leaving investors and traders buzzing with excitement and anticipation.

Over the last 24 hours, a sharp rise in the crypto market led to over $111 million in liquidations, mainly from traders betting on falling prices.

Bitcoin’s price jumped over 2% in the past day, hitting a high of about $64,750. Despite running into resistance around $64,000, Bitcoin closed Tuesday above its 200-day Moving Average (MA), signaling growing optimism in the market.

Ethereum, however, has been slower to gain momentum. A bearish signal, known as the “death cross,” where the 50-day MA crosses below the 200-day MA, is putting pressure on Ethereum’s price and cooling investor confidence.

Bitcoin ETFs See Strong Demand, Ether ETFs Lag Behind

The recent approval of Bitcoin and Ether spot ETFs in the U.S. has highlighted the difference in institutional demand between the two assets. In the past two weeks, U.S. Bitcoin ETFs have seen a net cash inflow of around $800 million. On Tuesday alone, Bitcoin ETFs drew in $135 million, led by BlackRock’s IBIT, Fidelity’s FBTC, and Bitwise’s BITB.

These Bitcoin ETF purchases have absorbed some of the selling pressure from miners, who have sold over $16 million worth of Bitcoin in the last two days.

Meanwhile, Ether ETFs have been struggling, showing net outflows over the past seven weeks, although they did manage to bring in $62 million on Tuesday, with BlackRock’s ETHA leading the way.

Looking Ahead: A Bullish Q4?

As the bearish third quarter ends in less than 10 days, the crypto industry will usher in a new era of bullish sentiment in the fourth quarter, expected to continue until 2025. With the ongoing economic shift, accelerated by the Fed’s and China’s interest rates, the ongoing crypto bullish outlook will significantly increase in the fourth quarter.

As the crypto market heats up, the question remains—will Bitcoin continue its reign, or will altcoins steal the spotlight in Q4?

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

XRP Price Prediction: Double Bottom Forms with Bearish Threat as XRP Holds Above $3 Support

XRP is showing signs of a double bottom pattern, a potential bullish signal, but bearish…

July 31, 2025

Solana, Sui Could 20x Soon as Analyst Says ‘It’s Altcoin Time Now’

The crypto market is entering a new phase, and analyst Lark Davis has said altcoins…

July 31, 2025

Tether Reports $4.9B Q2 Profit, Becomes One of Largest U.S. Treasury Holders

Tether, the biggest stablecoin issuer, reported a record $4.9 billion profit in Q2 2025. The…

July 31, 2025

Top Meme Coins Set For Major Breakout: PENGU, BONK, FLOKI, DOGE

Meme coins like PENGU, BONK, FLOKI, and DOGE are showing critical technical patterns that could…

July 31, 2025

“End the Fed”: Massie, Trump Turn Up the Heat on Jerome Powell

The fight over U.S. interest rates is heating up. With inflation concerns and economic uncertainty…

July 31, 2025

Top AI Crypto Coins Set for Breakouts: VIRT, RNDR, ASI, NEWT, And TAO

In Brief: The AI crypto sector is leading the market with a +111.82% rise in…

July 31, 2025