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Reading: Bitcoin Surges Beyond $118,000 as Ethereum Breaks Crucial Resistance
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COINTURK NEWS > Cryptocurrency News > Bitcoin Surges Beyond $118,000 as Ethereum Breaks Crucial Resistance
Cryptocurrency News

Bitcoin Surges Beyond $118,000 as Ethereum Breaks Crucial Resistance

In Brief

  • Bitcoin reached $118,000, while Ethereum surpassed significant $4,100 resistance.

  • Positive market developments could signal promising future for cryptocurrencies.

  • Various altcoins experienced notable gains, suggesting investor interest and optimism.

Fatih Uçar
Fatih Uçar 5 months ago
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Bitcoin (BTC) $91,967 has surpassed $118,000, and notably, ETH is finding buyers above its crucial $4,100 resistance level. As we head into the weekend, positive developments are unfolding in favor of cryptocurrencies, and investors are now reaping the benefits. But what is the current situation? Which cryptocurrencies are in the spotlight?

Current State of Cryptocurrencies

The 24-hour trading volume exceeds $170 billion, maintaining impressive levels compared to Sunday. While Bitcoin’s market dominance has somewhat softened, the total market capitalization of cryptocurrencies is on the verge of crossing the $4 trillion threshold.

Contents
Current State of CryptocurrenciesRising Altcoins

The appetite for risk is rising, which is clearly visible on the ETH chart. While BTC’s ascent is steadier, ETH has confirmed its journey towards an all-time high by surpassing an important resistance level. Many analysts did not expect ETH to easily cross above $4,100 after a thousand days, but the bulls have managed it.

Today’s daily candle represents a turnaround from the 0.037BTC resistance; however, as long as the 0.034 level is preserved as support, there is little cause for concern. As $4,100 is a key resistance level to overcome in the USD pair, the 0.034 level serves a similar role for the BTC pair. ETH bulls holding above both resistances are encouraging investors towards altcoins.

After testing $4,300 and then easing, if ETH can maintain support between $4,000 and $3,960 in the coming hours, we anticipate seeing further increases in the new week.

Rising Altcoins

RAY Coin has surged over 15% and climbed 36% for the week, earning the top gain among the largest 100 cryptocurrencies over the past 24 hours. The AERO Coin, which garnered attention on Friday, continues its ascent, increasing its weekly gain to 56%. KCS has risen by 12%, and unsurprisingly, LDO has exceeded $1.3.

LDO Coin was specifically highlighted in the Friday analysis as an altcoin that might experience further gains, targeting $1.3. The SEC’s approval of liquid staking and Ethereum $3,139‘s price increase had a multiplying effect for it.

ENA, PI Coin, IMZ, and XTZ are other altcoins that have yielded gains for the day. With potential developments on the horizon, like Trump meeting Putin, a Fed interest rate cut, and decreasing tariff pressure, it seems brighter days might be ahead for cryptocurrencies.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 10 August, 2025 - 9:02 am 10 August, 2025 - 9:02 am
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