Ethereum concept stocks surge in overnight trading as Ethereum hits $3,879; BTCS Inc up 10%, BMNR up 9%, SharpLink Gaming up 6%, Bit Digital up 4%.

Ethereum concept stocks surge in overnight trading as Ethereum hits $3,879; BTCS Inc up 10%, BMNR up 9%, SharpLink Gaming up 6%, Bit Digital up 4%.

Ethereum (ETH) hit a new milestone overnight, reaching $3,879, and this surge has had a ripple effect on related stocks. Concept stocks such as BTCS Inc., BMNR, SharpLink Gaming, and Bit Digital have all seen significant gains, with BTCS Inc. up 10%, BMNR up 9%, SharpLink Gaming up 6%, and Bit Digital up 4%.

This overnight surge in Ethereum's price is likely tied to the asset's recent bullish momentum and the anticipation of new regulatory developments in the crypto space. Ethereum has been decoupling from Bitcoin, a trend that analysts suggest could signal the arrival of "altcoin season," where riskier cryptocurrencies tend to outperform [3].

Ethereum's decoupling from Bitcoin is not the only factor driving its recent performance. The asset's strong fundamentals, including its role in stablecoins and decentralized finance (DeFi), are also contributing to its upward trajectory. New crypto legislation, such as the Genius Act and the Clarity Act, is expected to further boost Ethereum's growth [3].

The surge in Ethereum-related stocks is a sign of investor confidence in the cryptocurrency's future. Companies like BTCS Inc., BMNR, SharpLink Gaming, and Bit Digital are pivoting their business models to focus more on Ethereum, indicating a belief in its long-term potential [3].

Investors should remain cautious, however, as Ethereum's price has been volatile. While some analysts predict that Ethereum could hit $15,000, others are more conservative, pointing out that the asset has only been up 10% for the year [3].

References:
[1] https://finbold.com/ethereum-rainbow-chart-predicts-eth-price-for-august-1-2025/
[2] https://coinmarketcap.com/community/articles/688690f33b9f6678f00e4e19/
[3] https://www.nasdaq.com/articles/ethereum-soaring-3-reasons-investors-should-pay-attention