Ethereum&#8217;s surge reflects growing institutional confidence, potentially accelerating mainstream adoption and influencing broader crypto markets. The post Ethereum hits $4,000, its highest level since December 2024 appeared first on Crypto Briefing.

Ethereum hits $4,000, its highest level since December 2024

A newly published report says Chinese regulators have told local brokers and 
think tanks to halt publishing research or holding seminars that promote 
stablecoins. Beijing’s Stablecoin Experiment Ends in a Hard Stop This week, 
accounts from the Financial Times (FT) and Bloomberg offered a layered look at 
Beijing’s shifting posture on the asset class. Early […]

China’s Stablecoin Whiplash: From Quiet Exploration to Sudden Crackdown

CleanSpark is pushing back against U.S. Customs&#8217; claim that it owes $185 
million in retroactive tariffs for allegedly importing Chinese-made Bitcoin 
miners in 2024. The dispute comes amid the company’s record-breaking earnings. 
According to an August 8 report from TheMinerMag,…

CleanSpark confronts $185m tariff risk amid heightened US scrutiny of mining gear

Algoz has reached $100M assets under management, showcasing the growing 
interest in DeFi among professional traders.

Quant firm Algoz scales past $100M in crypto AUM with 50 institutional accounts

The debate over whether the crypto market is in Bitcoin Season or on the verge 
of Altcoin Season has dragged on for many months, especially due to Ethereum&#8217;s 
price action in the past few days. LUCIE, Shiba Inu&#8217;s marketing lead, recently 
touched on the matter, sharing insights on what&#8217;s currently happening, what to 
expect for an altcoin season, and when to anticipate a breakout in the Altcoin 
Season Index. Altcoin Season Index Points To Bitcoin Dominance Many traders 
and analysts have been closely watching the Altcoin Season Index, with posts 
on the social media platform X and news reports increasing in anticipation of 
a market-wide move that could favor altcoins against Bitcoin. Although the 
current market still tilts toward Bitcoin, signs of change are starting to 
emerge, especially with Ethereum now approaching the $4,000 price level. 
Related Reading: No Altcoin Season If Bitcoin Dominance Reclaims This Level 
According to the Altcoin Season Index from BlockchainCenter.net, which was 
also shared by Shiba Inu&#8217;s marketing lead, the index is currently standing at 
39, well below the 75 threshold required to confirm altseason. Notably, the 
data from BlockchainCenter.net shows that the index has been hovering in this 
range after bouncing from lower levels earlier in the year. As shown in the 
chart below, despite recent momentum from Ethereum and XRP, Bitcoin is still 
holding a dominant position in the total market cap. At the time of writing, 
Bitcoin dominance is currently around 61%, above the 60% level that typically 
signals room for altcoins to take over. Interestingly, this is a notable 
reduction from Bitcoin&#8217;s 64.3% dominance from three weeks ago. Lucie 
attributed this decline in Bitcoin dominance to alt momentum slowly gaining 
traction across various sectors, including major altcoins and meme-based 
projects. This gradual build-up, she suggested, could represent an 
accumulation phase. This is a familiar August pattern that&#8217;s mostly always 
seen before stronger altcoin rallies. Eyes On September For Possible Breakout 
Although the current readings confirm that it is still Bitcoin Season, Lucie 
believes everything may already be setting the stage for an altcoin breakout 
next month. The combination of a drop in BTC dominance and a surge in the 
Altcoin Season Index above 75 would officially mark the shift. For now, eyes 
are on this breakout. Particularly, Lucie noted a September window for a 
decisive move that could ignite a true altseason. Related Reading: Hold On For 
Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High At the time 
of writing, Bitcoin&#8217;s market dominance is at 60.0%, according to data from 
Coinmarketcap. Ethereum, on the other hand, has a market dominance of 12.2%. 
The last time the market saw altcoin dominance was in December 2024, when the 
Altcoin Season Index spiked to a reading of 88. Since then, Bitcoin has 
maintained control, with the most recent attempt to push the index higher 
stalling at a 59 reading on July 21. Featured image from Getty Images, chart 
from Tradingview.com

Bitcoin Season Or Altcoin Season? Shiba Inu Exec Outlines What’s Happening

The crypto bull run could be near now that the Federal Reserve has signaled 
interest rate cuts in September and President Donald Trump has signed an 
executive order that could bring billions of dollars into the industry. Media 
reports suggest…