The cryptocurrency market shows signs of recovery, with Ethereum returning to $3000 and Bitcoin holding steady above $122000.
Ethereum's Return to $3000
Ethereum surpassed the $3000 mark on July 14, 2025, ending a six-month downturn. The last time Ethereum was at this level was in February, when it briefly reached $3125 before falling below $2862. As of now, ETH is trading at $3040, showing a 3.2% increase over the last 24 hours and a 17.7% rise over the week.
Bitcoin's Stability
Bitcoin briefly reached the $123,000 mark before slightly retreating. Currently, it is trading at $122,541, reflecting a 3.6% increase over the past day. Although Bitcoin has not decisively broken through the $123,000 level, it remains stable within a narrow range.
Overall Crypto Market Situation
The trading volume in the cryptocurrency market surged to $185 billion, driven by recent price movements in Ethereum and Bitcoin. According to CoinGecko, daily trade volume increased from $128 billion to $185 billion. The overall market capitalization has held steady at around $3.8 trillion, despite a minor 0% decline following Bitcoin's latest dip.
The recovery of Ethereum and the stability of Bitcoin indicate growing investor confidence and an uptick in trading activity in the cryptocurrency market.
