LIVE Crypto News Today: Ethereum Surpasses Bitcoin in Spot Trading Volume Amid Altcoin Rotation on July 24, 2025
In a notable development in the cryptocurrency markets, Ethereum (ETH) has overtaken Bitcoin (BTC) in spot trading volume for the first time in over a year. This shift signals a potential change in investor sentiment and highlights growing interest in altcoins as traders rotate funds away from Bitcoin.
According to data from CryptoQuant, Ethereum recorded an impressive $25.7 billion in spot trading volume last week. This figure eclipsed Bitcoin’s spot volume of $24.4 billion over the same period. Consequently, the ETH/BTC volume ratio rose above 1 for the first time since June 2024, underscoring increased buying activity and trading in ETH relative to BTC.
Whale Activity Heats Up on Ethereum
Supporting this trend, blockchain analytics firm Lookonchain reported significant accumulation activity among large holders—or “whales.” Seven newly created Ethereum wallets have collectively amassed 466,253 ETH, with a valuation of approximately $1.7 billion. Notably, 40,591 ETH (around $148 million) was added just today, illustrating strong confidence from institutional or high-net-worth investors.
This aggressive accumulation comes amid what many analysts describe as an “altcoin rotation,” where capital flows move from Bitcoin into Ethereum and other alternative cryptocurrencies. Investors appear to be positioning for potential gains in projects built on the Ethereum network as it continues to expand its adoption and ecosystem.
Broader Market Context
The shift in volume and whale interest could reflect broader market dynamics, including Ethereum’s steady progress with upcoming upgrades and its central role in the decentralized finance (DeFi) and non-fungible token (NFT) spaces. It also hints at changing preferences among traders who may be seeking yield opportunities and diversification beyond Bitcoin’s traditional dominance.
As the cryptocurrency industry continues to evolve, live updates will track the latest movements, regulatory developments, and technical trends influencing market behavior.
Stay tuned for ongoing coverage of today’s crypto news as events unfold.
Data market sources: ICE Data Services, FactSet Research Systems Inc.
Analytics provided by CryptoQuant and Lookonchain
Article compiled by CryptoNews and TradingView editorial teams