ETH Briefly Breaks Above $4K for the First Time Since December
The post ETH Briefly Breaks Above $4K for the First Time Since December appeared on BitcoinEthereumNews.com.
Large-cap crypto assets see modest gains as ETF inflows surge and SEC ends long-running Ripple lawsuit. Crypto markets recorded modest gains on Friday, Aug. 8, after President Donald Trump, as expected, signed an executive order allowing cryptocurrencies in 401(k) retirement plans, and the U.S. Securities and Exchange Commission (SEC) dropped its appeals in the Ripple Labs case. The standout earner among large-cap cryptocurrencies was Ethereum (ETH), which broke past $4,000 for the first time since December 2024 earlier today. Since then, it has retraced slightly to $3,966, still up over 3.5% on the day. The rally came after news broke that public ETH treasury firm Fundamental Global had filed a $5 billion shelf registration with the SEC. “If deployed toward ETH, the full $5 billion would dwarf current publicly disclosed Ethereum treasuries, including SharpLink Gaming and Ether Machine,” The Defiant founder Camila Russo reported yesterday. ETH 24-hour price chart. Source: CoinGecko ETH’s weekly gains are at 9.5%, the highest among the top-10 crypto assets by market cap. Bitcoin (BTC) climbed as high as $117,200 today before dropping to $116,145 – ending up flat over the past 24 hours, as well as on the week. Meanwhile, Solana (SOL) surged nearly 4% to $175.75. XRP saw the highest 24-hour gains among the large-caps, surging 6.7% to $3.24, following news that the SEC and Ripple had jointly dropped their appeals in the Second Circuit, marking the end of a five-year long legal battle. Ripple also yesterday revealed a deal to acquire stablecoin platform Rail for $200 million. XRP 7-day price chart. Source: CoinGecko “XRP’s trajectory is being fueled by institutional adoption, clearer regulation, and its edge in cross-border payments,” said Ryan Lee, chief analyst at Bitget, in comments shared with The Defiant. “In the near term, regulatory tailwinds from the U.S. GENIUS and…
Filed under: News - @ August 8, 2025 7:29 pm