😶 Are ETH And XRP Ok?

Altcoin season is already over...or is it?

Author

Ivan
July 24, 2025

Happy Thursday!

Ethereum and XRP dumped on Thursday (but have since somewhat recovered), which raised some familiar questions: Is the altcoin season over before it really began?

Ethereum ETFs are suddenly more popular than Bitcoin ETFs, beating them yet another time at inflows — why is that?

Plus, if you want to level up your trading game with advanced news alerts, scanners and real-time market insights, enjoy free two-week access to pro-level trading tools with Benzinga Pro.

TOP STORY

Major altcoins led by Ethereum and Ripple's XRP posted sharp declines on Thursday, reversing gains from a strong rally earlier this month.

The broader cryptocurrency market experienced a notable selloff, with experts pointing to both overheated momentum and emerging signs of a corrective phase, even as structural fundamentals continue to strengthen.

Is the long-awaited altcoin season already over after just one week?

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QUICK N DIRTY

Bitcoin, Ethereum, XRP, Dogecoin are looking sluggish on Thursday but still holding the line with mostly sideways price action — what is driving markets today?

XRP dropped below $3.10 on Wednesday before recovering and the culprit may be heavy selling pressure on Korean exchanges — what’s going on over there?

Pengu, the memecoin associated with the Pudgy Penguins, may become the first meme to make a new high, but how much would you have if you had bought it at the bottom?

FINTECH FOCUS

Ethereum ETFs attracted $332.18 million in net inflows on July 23, marking their fourteenth straight day of positive flows and signaling an intensifying institutional rotation from Bitcoin into Ethereum.

What Happened: BlackRock’s led the charge with a $324.63 million single-day net inflow, contributing to a cumulative $8.9 billion since launch.

In contrast, Bitcoin spot ETFs posted net outflows of $85.9 million, extending a three-day streak of profit-taking.

Why is Ethereum suddenly outperforming Bitcoin in terms of popularity?

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