Eth jumps to USD $ 4,000 leading to bass sets for millions in 60 minutes

By Hannah Pérez

The second largest cryptocurrency momentarily touched USD $ 4,000 in the middle of a broader impulse in the cryptocurrency market. The sudden rebound pressed bears, causing short liquidations.

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Ethereum (eth) momentarily resumed the USD $ 4,000 amid generalized rebound.
The sudden price increase crushed the bears, activating short settlements for USD $ 25 million.
Trump’s orders on cryptocurrencies and the end of the SEC vs ripple battle drive the climb.
XRP jumps more than 8% price while Bitcoin is around USD $ 116,500.

Ethereum (ETH) has made a sudden leap in the graphics, causing a liquidation waterfall among bassists in the middle of a generalized optimism movement in the cryptocurrency market.

The price of the second largest cryptocurrency for market capitalization, reconquered momentarily in the morning (ET) USD $ 4,000 height, last view in December. Friday’s upward action extended profits for ETH, which during the last 30 days has increased 50%, according to data from Coingcko.

ETH price evolution in the last 7 days on August 8, 2025. Source: Coingcko

ETH has been experienced a strong impulse in recent weeks amid a renewed and strengthened institutional appetite. The purchases of companies with treasury Ethereumcurrently with more than USD $ 10 billion in their reserves, and the continuous flow of tickets between the Cryptocurrencies ETFs have driven the rising price.

The funds quoted in the stock exchange (ETF) in cash of Ether In the US, they marked a record of monthly tickets when they attracted USD $ 5.4 billion only during July, in the midst of what has been the longest run of daily tickets to date.

Bears faced pressure on Friday in the middle of the last jump in the price of Ether. The data of Coinglass show that about USD $ 25 million in ETH in short positions (bass bets) They have been liquidated in the last 60 minutes.

The broader cryptocurrency market has observed short settlements for USD $ 215.72 million in the last 24 hours in the middle of a generalized price increase. Among all TokensETH leads the volume of liquidations with almost USD $ 119 million in total, of which some USD $ 91 million corresponds liquidations of bearish positions.

In the last 24 hours, 105,841 operators were liquidated, which represents a total of 313.38 million dollars in liquidations. The largest individual liquidation order occurred in Binancewith a value of USD $ 3.29 million for the ETH/USDC torque.

Cola winds boost the cryptocurrency market

Cryptocurrencies are showing recovery signs this Friday after several days of bearish inclination. The bullish action is motivated by a series of tail winds that have motivated the long -term confidence of investors.

The signing of Executive orders of President Donald Trump on digital assets and the formal end of the Legal Case of the Bag and Securities Commission (SEC) against RippleThey are some of the main drivers.

Yesterday, Trump signed an executive order that orders the Department of Labor and the SEC to pave the path for digital assets in plans 401 (K). Also, separately, signed an order destined to stop “Unjust Debanking”Of companies of the cryptocurrency industry – measures that could expand generalized access to regulated cryptocurrency products.

Meanwhile, the SEC and Ripple They agreed on the same day to end their legal battle When withdrawing their respective appeals, leaving in force a previous judicial judgment that differentiated the programmatic sales of institutional. The decision would close a long obstacle to Ripple and cryptocurrency policy in general in the United States.

The Token XRP, closely linked to Ripplemore than 8% has emerged in the last 24 hours at a current price of USD $ 3.3, according to Coingcko. ETH on the other hand has backed away from its earlier to USD $ 3,966 in a 4%gain.

Bitcoin (BTC) is negotiated around USD $ 116,500, just 0.2% more since yesterday at the same time. The total capitalization of the cryptocurrency market is 1.4% higher in the period.

Hannah Estefanía Pérez / Diariobitcoin

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