Ethereum Leads Market With 8% Surge; Bitcoin, BNB, and Solana See Cooling Flows

Bitcoin Holds Firm Near $118K as ETF Inflows Continue; Ether Eyes Breakout to New Highs

Spot bitcoin ETFs in the U.S. extended their winning streak to 10 straight days on Wednesday, drawing $799 million in net inflows — the lion’s share of which came from BlackRock’s IBIT, which pulled in $763 million.

Bitcoin (BTC) traded steadily near $118,300, posting a 6.6% weekly gain as cooling inflation data helped lift sentiment. The asset added 0.4% on the day, while Ether (ETH) outperformed with a 6.7% daily jump to $3,340 — now up over 20% in the past week and approaching key resistance levels.

XRP remained red-hot, gaining 6.4% to trade at $3.09 — up 27% for the week. Solana (SOL) climbed 5% to $170, Dogecoin (DOGE) added 6% to trade just over $0.21, and BNB rose nearly 3% to $708. TRON (TRX) moved up 3.7% to reach $0.31.

The rally comes as broader risk appetite improves. ETF optimism, favorable macro data, and steady inflows are powering crypto’s continued strength.

Traditional markets showed a mixed tone. Asian stocks slipped as investors adjusted rate-cut expectations, while gold saw modest gains and the U.S. dollar weakened — adding to the bullish case for crypto. U.S. equities edged lower on tariff concerns and seasonal positioning.

The U.S. Dollar Index (DXY) has fallen nearly 10% year-to-date, which continues to support dollar-denominated crypto assets. But analysts are split on what happens next.

According to QCP Capital, bitcoin’s momentum slowed after topping $120,000, with strong buying interest emerging between $114,000 and $118,000. Still, the firm warned of a potential summer lull and equity market fatigue weighing on risk assets.

Despite near-term caution, many remain optimistic. Ryan Lee, chief analyst at Bitget Research, believes the rally has legs.

“ETF inflows, constrained supply, a weakening dollar, and the chance of Fed rate cuts make a Q3 move to $150,000 very plausible,” Lee noted.