Bitcoin (BTC) is adding 1.0% to $119,070 this week, outperforming Ethereum (ETH), which rose by just 0.3% to $3,781. However, taking a broader view, Ethereum has surged 51% in July, significantly outpacing Bitcoin’s 11% monthly gain, a clear sign that altcoins are catching up in the rally.
Bitcoin has already updated its 2021 highs by 80%, while Ethereum is still working toward the same milestone. The leading altcoin remains 28% below its all-time high at $4,864, suggesting room for further upside if momentum persists.
BTC is now approaching the key resistance at $125,000. A breakout above this level in the coming weeks could trigger a fresh leg higher, with the next major target in the $150,000 zone. As altcoins continue to narrow the performance gap, market sentiment remains broadly bullish.
