Ethereum Flips Bitcoin in Daily Profits as Crypto Market Cap Soars Past $3.3 Trillion
Crypto’s big dogs are shifting positions—and the underdog’s biting back. Ethereum just outpaced Bitcoin in daily profit generation, marking a potential sea change as the entire digital asset market smashes through the $3.3 trillion barrier.
Move over, ’digital gold.’ The smart contract chain—once dismissed as Bitcoin’s nerdy cousin—is now printing more daily gains than its predecessor. Traders chasing higher beta returns are piling into ETH derivatives, while Bitcoin maximalists clutch their cold wallets and mutter about ’store of value.’
Meanwhile, Wall Street still can’t decide whether to ape in or short the whole sector—but they’ll sure as hell charge you 2-and-20 either way.
The crypto landscape has recently made a substantial upward move. The exclusive market data reveals that the total crypto market capitalization has reached $3.32T following a 1.41% surge. Additionally, the 24-hour volume of the crypto market has jumped by 27.42% to reach the $113.35B mark. However, the crypto Fear & Greed index remains neutral at 58 points.
Ethereum Sees 4.68% Rise, Outpacing Bitcoin’s 0.53% Gains.
Bitcoin ($BTC) is currently changing hands at $105,363.96, signifying a 0.53% increase over past 24 hours. In addition to this, the flagship cryptocurrency accounts for a market dominance of 63.2%. Apart from that, Ethereum ($ETH) is trading at $2,608.47. This presents a 4.68% increase, surpassing Bitcoin in daily gains. Along with that, Ethereum’s market dominance is nearly 9.5%.
$BVT, $FTW, and $DOGS Lead Prominent Crypto Gainers
Concurrently, BovineVerse Token ($BVT), Black Agnus ($FTW), and HARRIS DOGS ($DOGS) are atop the crypto gainers of the day. Particularly, $BVT has surged by 1687.67% to reach $0.1290. Subsequently, $FTW has touched $0.00000006266, denoting a 1664.30% rise. Following that, $DOGS account for a 604.66% jump at $0.00004499.
DeFi TVL Plunges by 0.38% while NFT Sales Volume Surges by 16.38%
On the other hand, the DeFi total value locked has dipped by 0.38% to reach $113.268B mark. Specifically, AAVE stands above the DeFi protocols, with its TVL reaching $25.139B after a 2.61% 24-hour rise. However, Brise Swap enjoys the dominating position in terms of 1-day TVL change after a 19292003062782 24-hour TVL spike.
Nevertheless, the NFT sales volume has recorded a 16.38% increase to reach $13,061,615. In this respect, the top NFT collection is Courtyard, displaying a 63.95% upsurge in sales at $1,828,309 in sales volume.
Robinhood Purchases Bitstamp, whereas Australia Implements New Restrictions on Crypto ATMs
Overall, the crypto market is going through noteworthy developments around the world. Particularly, Robinhood has acquired Bitstamp for $200M to further expand its global reach. Additionally, the Australian authorities have imposed a A$5,000 restriction on cash withdrawals and deposits for crypto ATMs to cope with rising scams.
Moreover, the OSL Group, which is listed in Hong Kong, has agreed to buy a ninety percent stake in Evergreen Crest, an Indonesian cryptocurrency exchange to broaden its reach in Southeast Asia.
