In July, Ethereum experienced a sharp rise from $2,398 to $3,850 — a 60.55% increase. This upward move sparked intense debate within the crypto community. Many claimed that the growth was due to large-scale Bitcoin (BTC) sell-offs and a shift of capital into Ether (ETH). However, recent data contradicts this assumption.
Today, Bitcoin traded at $118,438, with a market capitalization of $2.36 trillion and a 24-hour trading volume of $53.99 billion. The leading cryptocurrency registered an intraday price range between $117,422 and $119,197, reflecting continued consolidation near historical highs.
The number of PEPE memecoin holders has reached a significant milestone of 463,000, indicating growing interest from retail investors and strengthening the project's position within the Ethereum ecosystem. This important threshold was crossed amid cautious but steady market optimism, reflecting confidence in the token’s long-term potential.
Bitcoin rose slightly on Wednesday, continuing a cautious movement as investors stayed on the sidelines amid new U.S. tariff announcements and looked ahead to the upcoming “Crypto Week” in mid-July for potential regulatory clarity.
While most retail investors are focused on the top 20 cryptocurrencies, the 21st-largest asset by market cap — Litecoin (LTC) — is increasingly attracting institutional interest. The total Litecoin holdings of investment firm Grayscale recently surpassed $2.1 million.
Ethereum is currently trading at a critical resistance zone. A potential harmonic pattern is forming that could signal a deeper pullback before a major bullish continuation unfolds.
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