- Ethereum has returned to the $3,000 range after six months, gaining 17.7% in one week, indicating renewed investor confidence.
- Bitcoin continues to hover just below $123,000, marking a stable 3.6% gain and leading daily market performance among major assets.
- Crypto market trading volume surged to $185 billion, driven by Ethereum and Bitcoin’s price actions, while total market cap held near $3.8 trillion.
Ethereum surpassed the $3,000 threshold on July 14, 2025, ending a six-month downturn. The last time Ethereum touched this level was in February, when it briefly reached $3,125 before slipping below $2,862. At the time of reporting, ETH is trading at $3,040, showing a 3.2% increase over the past 24 hours and a 17.7% rise over the week.
Ethereum’s 24-hour high touched $3,052 as investors responded to renewed market activity. The broader crypto market also witnessed a jump in trading volume. According to CoinGecko, daily trade volume rose from $128 billion to $185 billion, largely influenced by the recent movements in ETH and BTC.
Bitcoin holds firm
Bitcoin briefly reached the $123,000 mark before retreating slightly. As of now, it is trading at $122,541, reflecting a 3.6% increase over the past day. Despite not breaking through the $123,000 level decisively, Bitcoin remains stable within a narrow range.
Earlier this year, both Bitcoin and Ethereum experienced significant losses. The downturn followed a policy announcement from President Trump regarding global tariffs, which raised inflation concerns. Bitcoin had dropped below $100,000, while Ethereum dipped under $3,000.
Compared to Ethereum, Bitcoin showed a quicker recovery. It reclaimed the $100,000 level in May and continued to climb steadily. Ethereum’s return to $3,000, however, came after a prolonged period of slower growth and investor caution.
Despite the uptick in trading activity, the overall crypto market capitalization has held steady at around $3.8 trillion. A minor decline of 0.% followed Bitcoin’s latest dip, though this did not significantly impact overall market sentiment.
