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BNB breaks $850 ATH, signaling strong bullish momentum in the crypto market.
Altcoins like Ethereum, XRP, and Solana are showing rapid growth during the rally.
Institutional interest and blockchain adoption are fueling the next big altcoin season.
Binance Coin (BNB) recently surged past its previous highest price to reach approximately $855. This rally came with a sharp increase in trading volume, fueling optimism among investors. BNB has risen about 30% in July alone, pushing its market value to roughly $118 billion, making it one of the top five tokens by market size.
The breakout came after BNB closed above its 100-day moving average, confirming a strong upward trend. Analysts view this as a positive shift in market structure, reducing the risk of a deep pullback and suggesting growing buying pressure at higher price levels. The token now appears to have entered price-discovery mode, with some targeting $900 and eyeing $1,000 as possible medium-term milestones.
Ethereum has drawn significant institutional attention through Ethereum spot exchange-traded funds (ETFs). These ETFs have posted a streak of 17–18 days of net inflows, with one single day recording around $453 million and several days exceeding $130 million in inflows.
Over $11.2 billion flowed into Ethereum ETFs in July, boosting ETH's market capitalization by roughly $150 billion during the same period. Solid ETF momentum has helped Ethereum climb to just under $3,900, reflecting nearly a 70% gain in July alone.
Meanwhile, Bitcoin continues trading near the $118,000–$119,000 zone. This consolidation signals investor pause, possibly ahead of key regulatory updates and Federal Reserve decisions.
Regulatory clarity is improving. The US SEC has approved in-kind redemption for Bitcoin and Ethereum ETFs, enhancing liquidity and lowering costs for large investors. New legislation like the Genius Act and Clarity Act is advancing and alleviating concerns over crypto regulation.
Also Read - Crypto Regulation in India Stalls Amid RBI Concerns and Court Pressure
Strong performance in BNB and Ethereum has sparked renewed interest in other large altcoins. When Bitcoin slows and capital rotates, tokens like Solana, XRP, Avalanche, Cardano, Stellar, Sui, and even newer meme-coin offerings have seen heightened buying activity.
XRP recently surged over 60% in July, driven by speculation around ETF approvals and broader regulatory clarity. Some analysts are eyeing a potential run toward $5 or even $10 if ETF support materializes.
Solana and Avalanche have also gained after Ethereum ETF optimism spilled over. Solana, in particular, is enjoying strong inflows of over $300 million, while Avalanche is benefiting from tokenization and DeFi interest.
Ethereum itself is now nearly back to its 2021 highs around $3,885, while Bitcoin dominance has declined to about 60%, indicating a thicker flow into altcoins.
BNB’s new high at $855 reflects declining Bitcoin dominance and increasing investor confidence in altcoins. With Ethereum ETFs drawing billions and regulatory frameworks becoming clearer, the crypto landscape is increasingly favorable toward established altcoins with strong use cases.
Ethereum is nearing key resistance around $4,000, but its ETF demand and on-chain activity remain solid drivers. Even newer names such as Little Pepe are drawing speculative interest, though with greater volatility. Tracking metrics like ETF inflows, on-chain usage, whale accumulation, and technical breakouts will be crucial in the weeks ahead to identify the strongest potential follow-on moves from BNB’s rally.
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