Ethereum News Today: Bitcoin Surges to $120,000 as U.S.-EU Tariff Deal Fuels ETF Inflows and Altcoin Rally

Bitcoin surged to a record high of $120,000 on July 28, 2025, as the U.S.-EU tariff deal and growing optimism around ETF inflows and altcoin performance fueled bullish momentum in global markets. Ethereum, the second-largest cryptocurrency by market capitalization, approached $4,000, driven by renewed institutional interest and speculative trading activity. The price action reflected a broader risk-on sentiment, with analysts attributing the rally to reduced trade tensions and strong economic data, particularly in the U.S. and Japan [1][2][3].

The U.S. and EU’s agreement to cut tariffs on key goods—including agricultural products and industrial materials—spurred investor confidence, easing concerns about global supply chain disruptions. This development coincided with a surge in Ethereum ETF inflows, which reached $4.67 billion in July, significantly outpacing Bitcoin’s net outflows of $59 million in the same period. The shift in institutional capital toward altcoins has intensified speculation about a broader "altseason," with Ethereum’s price hovering near its all-time high [4][5].

Bitcoin’s ascent to $120,000 marked a critical psychological threshold, following weeks of consolidation between $114,000 and $119,000. The rally was further supported by a rebound in Bitcoin’s dominance, which rose as altcoins retreated from earlier corrections. However, the market remains volatile, with Ethereum’s ETH/BTC ratio declining by 7.4% from its peak, signaling potential rebalancing in investor portfolios. Analysts emphasized that a sustained break above $120,000 for Bitcoin could trigger a new phase of bullish momentum, though caution persists given the sector’s historical volatility [6][7].

The surge also reignited debates about the sustainability of the altcoin rally. Binance Research noted that Binance Coin (BNB) hit an all-time high of $800, driven by corporate adoption and a $90 million BNB treasury initiative by Nano Labs. Meanwhile, Ethereum ETFs attracted $1.4 billion in net inflows between July 21 and 24, reinforcing the asset’s appeal to institutional investors. Despite these gains, altcoins like XRP and Dogecoin experienced sharp corrections, with some dropping over 16%, raising concerns about speculative overvaluations [8][9].

Looking ahead, macroeconomic events—including U.S. GDP data, Federal Reserve policy decisions, and the August 1 tariff deadline—could influence market sentiment. Analysts also highlighted potential regulatory developments, such as possible Solana ETF approvals, as key catalysts for crypto markets in the coming months [10].

Source:

[1] [Bitcoin Touches $120K, Ethereum Eyes $4K After US-EU Tariff Deal](https://www.cryptotimes.io/2025/07/28/bitcoin-touches-120k-ethereum-eyes-4k-after-us-eu-tariff-deal/)

[2] [Bitcoin Zooms to $120K, ETH Nears $4K as Trump's EU Tariff Deal Lifts Risk Sentiment](https://ca.finance.yahoo.com/quote/TURBO33724-USD/news/)

[3] [Bitcoin Zooms to $120K, ETH Nears $4K as Trump's EU Tariff Deal Lifts Risk Sentiment](https://www.fxempire.com/crypto/ethereum/news)

[4] [Ethereum (ETH) Price Forecasts, Predictions & News](https://www.fxempire.com/crypto/ethereum/news)

[5] [BNB Hits New High, Meme Stocks Soar, ETH ETFs See Inflows](https://cryptopotato.com/bnb-hits-new-high-meme-stocks-soar-eth-etfs-see-inflows-binance-report/?amp)

[6] [Ethereum Price Eyes $4K Again – Will This Be the Breakout That Sticks?](https://www.mitrade.com/au/insights/news/live-news/article-3-989792-20250727)

[7] [Bitcoin Rebounds After Whale Sale](https://x.com/BullRanks)

[8] [BNB Sets Record High and ETH ETFs See $3.9B in Inflows](https://cryptopotato.com/bnb-hits-new-high-meme-stocks-soar-eth-etfs-see-inflows-binance-report/?amp)

[9] [ONCE ETHEREUM BREAKS $4000, ALTCOINS WILL EXPLODE!](https://www.binance.com/en-IN/square/post/27519379581153)

[10] [Key Macro Events to Watch in Crypto Markets](https://cryptopotato.com/bnb-hits-new-high-meme-stocks-soar-eth-etfs-see-inflows-binance-report/?amp)