Help
BNB hits all-time high as altcoin season heats up; Ethereum ETF inflows surpass $4B
BNB soared to a record $804, surpassing Solana in market cap, while Ethereum ETFs attracted over $533 million in a day, extending a powerful institutional inflow streak.
Binance Coin (BNB) rallied past $800, driven by token burns, ecosystem growth, and investor rotation from Bitcoin.
Ethereum ETF inflows totaled $533 million in one day, pushing cumulative flows past $4 billion in just 13 days.
Market cap of the entire crypto space hit $3.91 trillion, as altcoins outperformed amid cooling Bitcoin dominance.
On-chain data confirms accumulation trends for ETH, suggesting that demand may soon far exceed supply.
Crypto nears $4T as momentum broadens
The global cryptocurrency market cap rose to $3.91 trillion, up 0.53% over the past 24 hours. Bitcoin (BTC) remained range-bound, trading between $117,550 and $120,248, and stood at $118,000 at 09:30 AM UTC, marking a modest -0.19% decline.
While BTC took a breather, attention shifted firmly to the altcoin space—particularly Binance Coin (BNB) and Ethereum (ETH)—as capital rotation gained pace.
BNB explodes to $804, overtakes Solana in market value
BNB broke above $800 for the first time in history, hitting $804 in today’s session. The move added over $5 billion to its market capitalization in a day, lifting its total market value to $111 billion and vaulting it ahead of Solana (SOL), which now holds a $108 billion cap.
This breakout wasn’t purely speculative—it reflected a confluence of strong fundamentals and supply dynamics:
- Utility-led demand: BNB is deeply integrated across the Binance ecosystem—from trading fee discounts and staking to launchpad access and liquidity farming. This consistent use case ensures sustained organic demand.
- Token burns: Binance’s regular burning schedule has destroyed millions of BNB, systematically reducing circulating supply. As scarcity deepens, prices have gained a tailwind.
- BSC ecosystem expansion: The BNB Smart Chain (BSC) continues to gain traction among dApp developers, NFT creators, and DeFi protocols, reinforcing BNB’s utility beyond speculation.
Analysts are now eyeing $900 as the next psychological resistance, especially if altcoin sentiment holds.
Ethereum ETF surge: $533M in a day, 13-day inflow streak
The other headline-grabber is Ethereum.
Spot ETH ETFs saw a staggering $533.87 million in net inflows on Tuesday alone, extending a 13-day winning streak. Total inflows since July 3 have now exceeded $4.07 billion, pushing total assets in Ethereum ETFs above $19.85 billion, or nearly 4.44% of ETH’s total market cap.
BlackRock’s iShares Ethereum Trust (ETHA) led the pack with $426 million in daily inflows, pushing its AUM past $10 billion. Fidelity’s FETH followed with $35 million in new inflows.
Even more striking, daily inflows on July 16 and 17 broke records at $726M and $602M respectively—highlighting accelerating institutional interest.
Demand vs supply: ETH could face a supply crunch
The demand from institutional Ethereum ETFs could outpace ETH issuance 7:1 in the coming weeks. Only 800,000 ETH are projected to be issued during this period—yet current demand, if sustained, far exceeds that.
Supporting this thesis is on-chain behavior. Data from Lookonchain revealed five new wallets withdrew 76,987 ETH (~$285 million) from centralized exchange Kraken on Wednesday alone. That suggests long-term holding intent and reduced exchange float—a classic bullish pattern in crypto.
