Ether taps $4,000 for the first time in eight months in a further win for ETH bulls and the broader altseason, while Bitcoin dominance fades.
Key points:
Ether hits $4,000 for the first time since December 2024 in a key milestone for the year. ETH price optimism continues with Ether taking chunks away from Bitcoin’s crypto market cap dominance. BTC could still stage a fresh but short-lived rebound, analysis says. Ether returned to $4,000 for the first time in eight months Friday as Bitcoin shed its crypto market cap share.
Ether in “reaccumulation zone” as bulls surge to $4,000
Data from Cointelegraph Markets Pro and TradingView showed ETH/USD reaching $4,012 on Bitstamp.
Gaining around 1.7% on the day, the pair made history for 2025 by breaching the key psychological level, now under $900 from new all-time highs.
Reacting, popular trader and analyst Rekt Capital was among those eyeing Ether’s increasing slice of the total crypto market cap.
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The classic cup & handle pattern is unfolding exactly as expected—and it’s bullish.
After months of forming a rounded base (the “cup”), Bitcoin entered a sideways consolidation phase (the “handle”). This kind of structure often signals continuation, and we’re now seeing the breakout!
The neckline has been broken with strong volume, confirming the pattern. According to technical projections, the breakout target sits around **$140,000**—a potential all-time high move.
Momentum is building fast. Traders who recognize this setup early often ride the wave before it catches fire across the market.
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Japanese Prime Minister Shigeru Ishiba made striking statements about the strategic Bitcoin reserve. Prime Minister Ishiba has fueled a new debate.
According to a report by Japan’s local media outlet CoinPost on December 26, Japanese Prime Minister Ishiba said that it is difficult to express an opinion on the implementation of the strategic Bitcoin reserve. The Prime Minister stated that he does not have enough information about the moves of the US and other countries to accept the Bitcoin reserve.
How does Japan approach the Bitcoin reserve?
Japanese Prime Minister Shigeru Ishiba commented, “It is difficult for the government to express its views.”
People’s Protection Party Councilor Satoshi Hamada responded to Prime Minister Ishiba by saying that Japan should follow the US. Hamada said the following:
Hamada said the following: “I think Japan should follow the US example and consider converting some of its foreign exchange reserves into crypto assets such as Bitcoin.”
Prime Minister Ishiba, on the other hand, stated that crypto assets are not considered as foreign exchange.
Strike founder and CEO Jack Mallers believes that Donald Trump will introduce legislation that would designate Bitcoin as a US reserve asset on his first day in office. On the other hand, Brazilian Congressman Eros Biodini has proposed a bill to establish a federal Bitcoin reserve in Brazil.
While countries’ Bitcoin moves are drawing attention, eyes have turned to Japan, a major economic power in Asia. Discussions about Bitcoin are expected to flare up in the future.