Ethereum’s Surge Suggests Possible Shift in Crypto Market Dynamics Amidst Bitcoin’s Stalling Dominance
Main Idea
The crypto market in July saw a shift with altcoins surging and Bitcoin dominance dropping to 60.6%, driven by increased investments in Ethereum and other altcoins.
Key Points
1. Bitcoin dominance dropped to 60.6%, a decrease of 5.2%, while altcoin dominance rose by 10% to 39.2%.
2. Ethereum led the altcoin surge with substantial inflows into its ETFs, contributing to the shift in market dynamics.
3. The total market cap excluding Bitcoin and Ethereum (TOTAL3) declined from $1.07 trillion to $980 billion, indicating exchange-side pressure on altcoins.
4. Altcoin deposits to exchanges, particularly Binance, spiked, reflecting increased trading activity.
5. Several altcoins like $YALA, $CARV, and $FLOKI were listed on major platforms, signaling growing market interest.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! In July, the
Latest News
- Bitcoin Price Predictions: Will It Reach $125K or Dip to $105K? Insights from Myriad Markets2025-08-07 20:49:04
- Bitcoin Faces Potential Head Fake Amid Resistance at $117K and Weak Support Levels2025-08-07 20:45:24
- Ripple Defends XRP’s Decentralization Amid Caitlin Long’s Critiques on Structure and Institutional Trust2025-08-07 20:41:22
- Ethereum Treasury Gains Institutional Confidence Amid Predictions of $9K to $16K Price Potential2025-08-07 20:17:40
- Aave and Plasma Explore On-Chain Institutional Fund to Enhance DeFi Accessibility for Fintechs2025-08-07 20:11:16