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Home web3.0 Ethereum upgrade helps the market: Bitcoin breaks through $110,000 and other currencies rise

Ethereum upgrade helps the market: Bitcoin breaks through $110,000 and other currencies rise

Jul 11, 2025 pm 09:15 PM
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Ethereum’s recent major network upgrade has injected a booster into the entire digital asset market. Driven by this active technological development, the market leader Bitcoin successfully broke through the 110,000 US dollar mark, which triggered a general rise in other mainstream digital currencies, showing a strong linkage effect in the market.

Core catalyst: Ethereum network efficiency soars

Ethereum has recently completed a highly anticipated key upgrade. The core goal of this upgrade is to improve the scalability of the network and significantly reduce user transaction fees. After the successful upgrade, the transaction costs of the Ethereum main network and its layer 2 network have dropped significantly, and the processing speed has been effectively improved, which has greatly improved the experience of users and developers.

This technological breakthrough directly stimulated the market's optimism about the Ethereum ecosystem. Lower fees mean lower thresholds for decentralized applications (DApps) and related services, which are expected to attract more new users to participate, thus laying a solid foundation for the long-term prosperity of its ecosystem.

Security Exchange: Global mainstream platform address

  • Binance Binance: ()
  • Ouyi OKX: ()
  • Huobi: ()
  • Gate.io Sesame Opening: ( )

Ethereum upgrade helps the market: Bitcoin breaks through $110,000 and other currencies follow up - php Chinese

Market vane: Bitcoin hits another high

Under the positive atmosphere brought by the Ethereum upgrade, Bitcoin, as the market leader, has been in a price trend, breaking through the psychological barrier of $110,000 in one fell swoop. This new historical high not only consolidates its market position, but also sends a strong positive signal to the entire market, significantly boosting investor confidence.

The strong trend of Bitcoin is often seen as the "starting gun" of the overall market bull market. Its breakthrough attracted a large number of new funds to enter the market. While pushing up the price of Bitcoin, its spillover effect also created favorable conditions for the rise of other digital assets.

General price increase: other mainstream currencies follow up

With the strong performance of the two leading assets, the market's optimism has spread rapidly to other digital currencies, and the commonly known as the "counterfeit season" market has begun to emerge. Many projects performed well in this round of ups and formed a general rise pattern of sector rotation.

  • Layer 2 solution: As a direct beneficiary of the Ethereum upgrade, the Layer 2 network project focusing on improving Ethereum performance has particularly gained widespread attention from the market.
  • Decentralized Finance (DeFi): As the cost of on-chain activity decreases, the attractiveness of the DeFi protocol has rebounded, and related governance tokens and functional tokens have also ushered in a significant revaluation of value.
  • Platform public chain: Other public chain projects that have competition or cooperative relationships with Ethereum have also risen due to the recovery of the overall market, and investors have begun to look for new value depressions.

Ethereum upgrade helps the market: Bitcoin breaks through $110,000 and other currencies follow up - php Chinese

Summary and prospect

This round of market rise is the result of technological progress and market sentiment resonance. The successful upgrade of Ethereum solved long-standing pain points and provided the possibility for application outbreaks, while Bitcoin's price breakthrough injected strong momentum into the market. The synergy between the two has promoted the current positive market environment. Looking ahead, the overall market trend is improving, but high volatility is still one of the main characteristics of the digital asset market. While enjoying market dividends, investors should also keep paying attention to market dynamics and rationally evaluate the fundamentals and potential risks of different projects.

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