Ethereum News Today: Bitcoin's 2.04% Drop Sparks $10B Ethereum ETF Surge Amid $1.18B Liquidations

Bitcoin's recent price action has sparked renewed interest in the cryptocurrency market as the asset oscillates within a $116,000–$120,000 range, maintaining proximity to the $118,520 psychological threshold [1]. This consolidation phase follows a 2.04% 24-hour decline to $116,000 on July 26, 2025, amid $1.18 billion in liquidations the previous day [6]. While Bitcoin's dominance has softened to 60% from 66% peak levels [7], its stability provides a foundation for altcoin activity. Key support levels at $115,000 and $112,500 remain critical, with breaches threatening broader market sentiment [6].

Ethereum has emerged as a focal point, approaching $3,800 amid surging institutional demand. BlackRock’s iShares Ethereum Trust (ETHA) has amassed $10 billion in assets within 251 days, including $5 billion raised in just 10 days [3]. This growth aligns with U.S. regulatory clarity and the dominance of USDT, which holds 50.96% of the $131.42 billion stablecoin market cap. Ethereum’s total value locked (TVL) of $80.958 billion—59.65% of the market—further solidifies its role as a hub for decentralized activity [3]. However, the Ethereum validator exit queue has exceeded 680,000 ETH, indicating a reevaluation of staking strategies by investors [2].

The ETHBTC pair remains a pivotal metric for altcoin traders, currently trading near 0.031BTC but failing to break above 0.033. This dynamic highlights the interplay between Bitcoin’s stability and Ethereum’s momentum. If Ethereum surpasses $4,000, it could redefine the market’s risk appetite and challenge Bitcoin’s dominance [1]. Conversely, PUMP Coin’s recent struggles—trading below $0.0028 with a $470 million volume but a market cap near $1 billion—serve as a cautionary tale of volatile altcoin behavior [1].

Market participants are also monitoring broader trends. The Ethereum-based Snorter Token ($SNORT) has seen increased demand, though promotional activity should be approached with caution [4]. Meanwhile, Bitcoin’s future remains speculative, with some analysts projecting a potential $300,000 target by year-end—though such forecasts are unverified and not reflected in current price action [4].

Regulatory developments, including the passage of the stablecoin bill (GENIUS Act), are expected to bolster confidence in Ethereum’s ecosystem. This legislation, coupled with Ethereum’s TVL growth, is likely to drive demand for on-chain trading tools as institutional capital continues to flow into the space [3]. The interplay between ETF inflows and price movements remains complex, with Bloomberg’s Eric Balchunas describing the relationship as a “chicken or egg question” [3].

Sources:

[1] [Bitcoin Surges Back as Ethereum Eyes New Heights] (https://en.coin-turk.com/bitcoin-surges-back-as-ethereum-eyes-new-heights/)

[2] [Ethereum Exit Queue Surges, Investors Watch Closely] (https://m.economictimes.com/crypto-news-today-live-26-jul-2025/liveblog/122911908.cms)

[3] [BlackRock's $10B Ethereum ETF Surge Propels Snorter Token to New Heights] (https://www.bitcoininsider.org/article/280348/blackrocks-10b-ethereum-etf-surge-propels-snorter-token-new-heights)

[4] [Bitcoin Price on Track for $300K in 2025? Ethereum Spike Triggers Massive Altcoin Rotation] (https://www.msn.com/en-us/money/markets/bitcoin-price-on-track-for-300k-in-2025-ethereum-spike-triggers-massive-altcoin-rotation/ar-AA1J4Yhs)

[6] [Bitcoin's Crossroads: A Tense Moment for Traders and ...] (https://www.onesafe.io/blog/bitcoin-price-analysis-support-resistance-levels)

[7] [Why Bitcoin Remains the Cornerstone of Crypto's $4 Trillion Ecosystem] (https://medium.com/technicity/why-bitcoin-remains-the-cornerstone-of-cryptos-4-trillion-ecosystem-604b651c6ed7)

[9] [Bitcoin Dumps $1.18B as Liquidations Spike] (https://99bitcoins.com/news/altcoins/live-bitcoin-news-btc-dumps-1-18b-as-liquidations-hit-731m-but-altcoins-like-syrup-and-graphite-soar/)