Ethereum News Today: Ethereum Surges 4.48% as Altcoin Rally Drives Bitcoin Dominance Below 60%

Ethereum continued its strong intraday performance, dipping below 4700 USDT to trade at 4692.20 USDT, marking a 4.48% gain over the past 24 hours [1]. The broader altcoin market showed robust momentum, with Ethereum rising more than 8% to $4,670, remaining within 4.2% of its 2021 high [2]. This trend has further reduced Bitcoin’s market dominance to below 60%, the lowest since January 2025 [2], signaling a shift in investor attention toward alternative cryptocurrencies.

Solana (SOL) rose 12% as it neared $200, while Cardano (ADA) climbed 9% to $0.86 [2]. Chainlink (LINK) advanced 13% to $24.50, and Litecoin (LTC) hit a six-month high of $133 after posting an 11% gain [2]. These movements reflect growing confidence in the altcoin space, with Ethereum at the forefront of the trend.

The surge in Ethereum-based assets was supported by record inflows into Ethereum-focused ETFs, with data from Farside showing inflows far outpacing those of Bitcoin [3]. Shares of companies with large Ethereum holdings also rose more than 5%, reflecting bullish sentiment in the market [3].

Ethereum’s rally was further bolstered by a favorable regulatory and macroeconomic environment in the U.S., including strong earnings from Circle and large-scale expansions by firms such as Bitmine [4]. Recent U.S. CPI data has also raised expectations for a rate cut in September, which has positively impacted the broader cryptocurrency market [5].

Bitcoin, while stable around $119,350, has seen its dominance decline steadily since late June [2]. Analysts have highlighted historical trends indicating that Bitcoin dominance below 50% often precedes major altcoin rallies [2]. Some traders have predicted that dominance could drop to 45% within six months, a level historically associated with significant gains in alternative cryptocurrencies [2].

Market indicators remain mixed, with CoinMarketCap’s altcoin index at 37 out of 100 and Blockchain Center’s at 53 [2]. While the former suggests altcoin season has not yet fully arrived, the latter indicates a growing bullish trend, particularly in line with Ethereum’s performance.

Investors remain closely watching Bitcoin’s response to the continued strength in altcoins, as well as how broader macroeconomic developments and policy shifts may affect the overall market [1][2][3][4][5]. The mixed but generally positive intraday movements across key altcoins highlight ongoing activity beyond Bitcoin, with market participants increasingly seeking growth opportunities in a diversified digital asset portfolio.

Sources:

[1]title: Ethereum (ETH) Falls Below 4700 USDT.............................(https://m.economictimes.com/crypto-news-today-live-14-aug-2025/liveblog/123288029.cms)

[2]title: Bitcoin Dominance Falls Below 60% As Ethereum Surges................................(https://yellow.com/news/bitcoin-dominance-falls-below-60-as-ethereum-surges-near-record-high)

[3]title: Ethereum Leads Gains After Record $1B ETF Inflows.............................(https://stocktwits.com/news-articles/markets/cryptocurrency/ethereum-leads-gains-after-record-1-b-etf-inflows-bitcoin-altcoins-slide/chrxTXuRd7u)

[4]title: Crypto is having a breakout summer — and bitcoin isn't the................................(https://www.fastbull.com/news-detail/crypto-is-having-a-breakout-summer--and-4339535_0)

[5]title: Crypto Market Climbs After U.S. CPI Data Fuels September................................(https://coincentral.com/crypto-market-climbs-after-u-s-cpi-data-fuels-september-rate-cut-hopes/)