- ETH spot volume surpasses BTC at $25.7B vs. $24.4B, first since June 2024.
- Bitcoin dominance drops to 64%, with Altcoin Season Index hitting 35.
- ETH/BTC breaks 0.026 resistance, signaling potential altcoin market growth.
In a groundbreaking shift, Ethereum (ETH) has overtaken Bitcoin (BTC) in spot trading volume for the first time since June 2024, signaling a potential rotation in investor interest. According to CryptoQuant’s latest data, ETH spot trading hit $25.7 billion last week, edging out BTC’s $24.4 billion, pushing the ETH/BTC spot volume ratio above 1.
This development, highlighted in a post on X by @cryptoquant_com on July 23, 2025, has sparked excitement among crypto enthusiasts, with many interpreting it as a sign of growing confidence in Ethereum’s ecosystem and the broader altcoin market.
The surge in ETH’s trading volume aligns with broader market trends. Swissblock’s July 2025 report notes Bitcoin dominance dropping from 66% to 64% despite new price highs, while the Altcoin Season Index reached 35—its highest since February. This suggests an early altcoin season may be brewing, supported by ETH/BTC breaking key resistance levels, such as 0.026 on the 200-day moving average, as per TradingView analysis. Analysts attribute this shift to increasing demand for decentralized applications and Ethereum’s upcoming network upgrades, which could drive further adoption.
However, experts caution that this could be more than a fleeting trend. Historical data indicates ETH’s outperformance against BTC is rare and requires sustained momentum to solidify. The CryptoQuant report suggests institutional and retail investors are accumulating ETH, reducing selling pressure and fueling this upward trajectory. Meanwhile, the altcoin market saw spot trading volume peak at $67 billion on July 17, the highest since March, indicating a broadening investor focus beyond BTC.
The crypto community is watching closely to see if this trend holds. While some, like @Elodie333Elodie on X, speculate it might be a “blip” or tied to gas fee dynamics, others see it as a bullish signal for ETH and altcoins. Stay tuned for more updates as the market evolves.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
