Altcoins Steal the Spotlight as Ethereum Smashes Through $2.5K Barrier

Crypto markets roar back to life as ETH leads the charge—proving once again that Wall Street’s ’stable’ assets move slower than a 1998 dial-up connection.

Smaller tokens ride Ethereum’s coattails, flipping the script on Bitcoin’s usual dominance. Traders scramble as decentralized finance tokens post double-digit gains—because nothing says ’healthy market’ like 24-hour leverage-fueled euphoria.

Meanwhile, institutional investors still can’t decide whether to FOMO in or wait for the inevitable 20% correction. Classic.

ETH’s Roll Continues

ETH’s price plunged hard just over a month ago as it dropped to its lowest levels in over a year on April 9 at $1,400. It managed to bounce off in the following weeks but still struggled to reclaim $1,800 decisively. After the latest positive macro developments and the Pectra upgrade, its price finally started to climb hard.

On a daily scale, ETH has soared by nearly 9%, but its weekly surge is a lot more impressive – almost 40%. This has put its price tag at well above the psychological resistance of $2,500.

Many altcoins have followed suit with notable price increases as well. DOGE is in a league of its own from the larger ones, having surged by over 16% and now trading above $0.24. ADA, AVAX, LINK, SHIB, HBAR, TON, and Pepe are other impressive examples.

PI, UNI, and NEAR have also had double-digit price pumps over the past day, while LEO is among the few in the red.

The total crypto market cap has added another $70 billion and is up to $3.470 trillion on CG.

Bitcoin Back to $104K

Although BTC is still in the green on a daily scale, its increase is a lot more modest. BTC has jumped by less than 1% and trades above $104,000 after it was stopped at $105,000 earlier.

On a weekly scale, though, Bitcoin has jumped by almost 9%. It finally managed to break through the $100,000 barrier this week for the first time in over three months.

However, its dominance over the alts has taken a big hit. Recall that the metric was riding high at roughly 62% just until several days ago but has dropped to under 60% as of now.

Its market cap, on the other hand, continues to increase and is up to $2.070 trillion on CG.